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11 May 2017 • By Tim Stewart • 1 min read

Levy could reduce bank profits by 4.5%

The new bank levy in Tuesday’s federal budget could reduce the earnings of the largest five banks by 4.5 per cent, according to Morgan ...

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Moody’s gives budget a tick of approval

Federal Treasurer Scott Morrison appears to have done enough in the federal budget to retain Australia’s AAA rating, with Moody’s noting the ...

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Australia has ‘furthest to go’ on climate change

The S&P/ASX All Australian 50 has the “highest embedded carbon” of any group in the S&P Global 1200 index though improvement is being made, ...

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CBA reports $2.4bn third quarter cash earnings

The Commonwealth Bank has released a third quarter trading update, showing unaudited cash earnings for the quarter ending 31 March 2017 of $2

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Profit growth slowing for big banks: KPMG

Last week’s first-half profit results for the major banks, while positive, show that increased capital requirements and competitive pressures are ...

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Vanguard Australia announces fee cuts

Vanguard Australia will reduce the management expense ratios on five of its diversified wholesale funds and revise their asset allocation

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Citi Research dominates ESG awards

Citi’s research team has won two of the Responsible Investment Association of Australia's 2017 ESG research awards, with Credit Suisse winning best ...

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WAM lodges microcap LIC prospectus

Wilson Asset Management is looking to raise more than $150 million in an initial public offering for a new microcap-focused listed investment company ...

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APRA given power to strip executive bonuses

The federal budget has hit the major banks with a $6.2 billion levy, as well as granting APRA new powers to strip senior executives of their ...

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Return to surplus slated for 2020-21

The federal government still expects the country to return to surplus in 2020-21 despite a slight increase in deficit projections for 2017-18, ...

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