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07 November 2017 • By Reporter • 1 min read

Cash rate on hold for November

The Reserve Bank of Australia has elected to hold the official cash rate at 1.5 per cent at its November meeting. As widely predicted, the RBA has ...

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Millennials’ super fund balances grow 382%

Superannuation fund balances held by the Millennial demographic have risen $226 billion in the last decade, Roy Morgan research has found

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Berkshire Capital expands Australian presence

New York-headquartered investment bank Berkshire Capital has announced the appointment of two financial services industry veterans to lead its ...

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Online broker announces IPO

SelfWealth has announced the release of 37.5 million shares, with hopes its initial public offering will raise $7.5 million. The company – which ...

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‘Rock star’ managers can damage culture

The popular funds management model of having a ‘star’ portfolio manager creates risks for investors and can potentially damage a company’s culture, ...

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Banks ‘willing to change’: former ANZ CEO

Financial institutions are willing and able to innovate, but fintech disruptors have a natural advantage, says former ANZ chief executive Mike Smith

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Treasury, regulators keeping watch on tech giants

Federal treasurer Scott Morrison says regulators and governments are closely monitoring potential financial services ventures by “behemoths” like ...

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US Fed policy outlook ‘uncertain’: Investec

US President Donald Trump’s pick for the next Federal Reserve chair, due to be announced today, is likely to have an impact on fixed income markets ...

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BEAR timeframe will be ‘challenging’: APRA

APRA has warned that meeting the government’s 1 July 2018 deadline for the implementation of the Banking Executive Accountability Regime will be ...

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NAB to cut 6,000 jobs as profit rebounds

NAB has announced an increased cash profit of $6.6 billion for the 12 months to 30 September 2017, along with plans to cut 6,000 jobs by 2020. The ...

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