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26 June 2019 • By Eliot Hastie • 1 min read

AFS licence of BBY further suspended

ASIC has extended the suspension of the AFS licence held by BBY until 28 May 2020, increasing the suspension by another 12 months. In 2015, ASIC ...

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Wall St giants tipped to snap up wealth managers

Goldman Sachs’ recent $1 billion acquisition of United Capital marks the beginning of a new M&A boom for the wealth management industry, according ...

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‘The board is disappointed we did not meet your expectations’: Westpac

Westpac’s chairman has made a series of apologies to the bank’s shareholders in a statement to the ASX accompanying the interim dividend statement

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Failing to act on climate change carries a price tag: APRA

An executive board member of APRA has told delegates that failing to take action on climate change now will lead to much higher economic costs in the ...

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ASIC cannot regulate culture

ASIC’s commissioner has said that the commission will do what it can to rebuild trust in the industry but could not regulate culture. John Price, ...

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ABA hails drop in bank fees

The Australian Banking Association has applauded moves by several banks to abolish ATM withdrawal fees after new figures showed a significant drop in ...

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Westpac backtracks after APRA intervention

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the changes

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Unless industry comes together, there won’t be one

The chief executive of GSFM has told the industry that it needs to come together and work towards the future, or else there won’t be an industry left

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Government must work with RBA for prosperity

The governor of the RBA has said that the central bank is open to cutting rates again, but the government has to do its part to promote economic ...

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Australians well placed for EM debt

Investors should be seeking local currency emerging markets (EM) debt to counter lack of yield in developed markets’ government bonds, investment ...

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