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13 August 2020 • By Charbel Kadib • 1 min read

ASIC’s ‘wagyu and shiraz’ bill revealed

ASIC has revealed its responsible lending case against Westpac cost taxpayers millions. The case centred on Westpac’s use of an automatic process ...

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Over 1m Aussies out of work

More than a million Australians were already out of work before Victoria’s lockdown hit the jobs market, according to new data from the ABS – and it ...

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Magellan defies gravity

Magellan has overcome the volatility that roiled markets through the first half of the year, lifting profit, funds under management, and dividends, ...

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CBA is the canary in the coal mine

CBA’s move to slash dividends and provision billions doesn’t bode well for the rest of the big four. It wasn’t all good news as CBA announced its ...

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CBA profit plummets

CBA has announced it will slash its dividend as profits fell 11 per cent and loan-loss provisions rose.  CBA’s cash net profit after tax was $7.2 ...

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Services are ‘Achilles heel’ for recovery

Weakness in the services sector is threatening the recovery globally despite “buoyant” PMIs raising hopes for a V-shaped rebound. While consumption ...

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Green recovery not on the cards

COVID commission boss Nev Power has tamped down on calls for a “green recovery”, saying it’s the job of the commission to boost the economy in the ...

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ASIC drops investigation into ex-AMP chair

The corporate regulator has confirmed it will not take any action against former AMP chairwoman Catherine Brenner following revelations at the royal ...

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Government considering more JobKeeper: Cormann

As Scott Morrison admits the economy won’t reopen by Christmas and the Victorian crisis hampers the recovery, members of his government have hinted at ...

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Early super payments surge above $30 billion

APRA's latest early release figures reveal super funds have now paid out over $30 billion to members across more than four million payment ...

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