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14 September 2017 • By Aleks Vickovich • 1 min read

Global banks turn inwards, says McKinsey

Financial institutions have embarked on a “broad-based retreat” from cross-border activities in the decade since the global financial crisis, ...

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BEAR regime ‘strengthens’ APRA: chairman

The objectives of the federal government’s Banking Executive Accountability Regime reforms are in line with APRA’s mandate, says the chairman of the ...

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ETF market FUM hits $30.9bn ‘record high’

Funds under management in the Australian exchange-traded funds market hit a “fresh record high” of $30.9 billion in the month ending 31 August, ...

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‘Annuity-style businesses' drive Macquarie outlook

Morningstar analysts have tipped strong performance for Macquarie off the back of  “annuity-style businesses” in funds management, banking and asset ...

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SSGA divests tobacco, weapons shares

State Street Global Advisors has announced its divestment of tobacco and controversial weapons shares in its State Street Global Index Plus Trust

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Merrill Lynch fined over futures trading ‘failures’

ASIC has handed Merrill Lynch’s Australian future business an infringement notice and a $60,000 penalty. An ASIC Market Disciplinary Panel ...

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Ardea makes new appointments

Ardea Investment Management has welcomed former Saka Capital fixed income portfolio manager Gopi Karunakaran and former Challenger analyst Harry Singh ...

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Citi backs resources over ‘yield’ plays

Citi’s Australian equity strategists continue to favour the resources sector over “yield-sensitive” sectors like utilities, REITs, healthcare and ...

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Watermark market neutral fund approved by AMP

Watermark’s market neutral trust has received a tick of approval from AMP’s advice research function, paving the way for its inclusion on AMP’s ...

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Bridgeport general manager heads to Centrepoint

The former head of Netwealth’s Bridgeport Financial Services has joined Centrepoint Alliance as a management consultant. Cameron Cogle, who was ...

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