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Markets

markets

07 May 2019 • By Charbel Kadib • 1 min read

Westpac CEO calls for holistic regulation

Interest rates are “not the problem”, Westpac CEO Brian Hartzer has said, calling for a holistic regulatory approach to subdued market conditions, ...

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Westpac ‘undervalued’, says Morningstar

The research house believes Westpac shares are currently trading 16 per cent below valuation following the release of a disappointing first-half ...

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Reputational damage to reduce Pendal adviser flows

Morningstar has warned that the reputational damage done to both advisers and dealer groups as a result of the royal commission will reduce fund flows ...

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TAL to cut jobs amid major restructure

The life insurance giant has confirmed that it will reduce the total number of jobs in its retail channel following a strategic review. TAL today ...

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RBA announces cash rate

The central bank’s cash rate decision has been revealed, following its monthly monetary policy board meeting. Despite expectations of a cut, the ...

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Wealth remediation, restructure costing Westpac $620m

Westpac saw its profit sink by 19 per cent for 1H19, with the group taking a blow from its wealth division’s remediation costs of $484 million and ...

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RBA to cut rates by 100bps, starting today: Franklin Templeton

Franklin Templeton’s director of Australia fixed income believes the Reserve Bank will be hard pressed not to reduce the cash rate by up to 100 basis ...

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Have property prices bottomed out?

CoreLogic’s Tim Lawless says that the housing market may have moved through the worst of the downturn. While dwelling values continued on their ...

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Janus Henderson outflows continue to disappoint 

It seems the merger between fund manager Henderson Group and Janus Capital has so far failed to overcome the challenges that the two firms have in ...

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Macquarie wealth slips, capital and commodities surge

While Macquarie Group saw its wealth management income drop by $18 million, its capital and commodities businesses soared during FY19. Macquarie ...

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