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23 November 2018 • By James Mitchell • 1 min read

‘I know people’: Bank CEO’s rich mates have advisers on ‘retainer’

The head of a major bank has been grilled by the royal commission over his understanding of financial advice in the Australian market. Westpac ...

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OECD ups Aus economic growth projection

The Organisation for Economic Co-operation and Development says the Australian economy has seen robust growth, upgrading its projection of the ...

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Alternative asset management reaches tipping point

Alternative funds are gaining favour with investors due to the increasing challenges for hedge fund managers’ capital raising ambitions

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Drug money ‘a complete surprise’ to CBA

CBA boss Matt Comyn has admitted that the bank was “congratulating” itself on its success, spending “hundreds of millions of dollars” and completely ...

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Balanced scorecard remuneration not appropriate for industry

A study into the remuneration models of the financial sector has found that the popular balanced scorecard system has serious flaws and may not be the ...

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Firms urged to ‘Hayne-proof’ businesses

Financial services are being urged to start making changes to their businesses and to not wait for the final report to be handed down. Automation ...

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CBA stands firm on bonuses

The major bank’s CEO has backed bonus payments to frontline staff despite evidence linking variable remuneration to poor customer outcomes and ...

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More Australians favouring gearing for online investments

Australian investors are increasingly leaning towards borrowing to finance online investments, as found by a report from Investment Trends

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Local investors miss global dividend surge

Australian payouts were the weakest among developed countries as dividends around the world rose up to reach a new third-quarter record, according to ...

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APRA bracing for end of ‘economic summer’

APRA is undertaking work to keep Australian’s financial institutions secure if and when the economic summer ends, said newly appointed deputy chair

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