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17 July 2020 • By Sarah Kendell • 1 min read

CFD trader sued for best interest, conflicted remuneration breaches

The corporate regulator has commenced civil proceedings against a foreign exchange and CFD trader for breaches of conflicted remuneration and best ...

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Westpac risk culture 'immature and reactive'

An internal review has found serious shortcomings in how the bank handles non-financial risk in the wake of its 23 million breaches of anti-money ...

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End is nigh for zombie companies

Government support is hiding the pain, but skyrocketing payment times show that many zombie firms are struggling to keep their heads above water

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Unemployment jumps through June

Unemployment rose through June, but the latest data suggests the cloud might have a silver lining. Unemployment hit 7.4 per cent in June – up from ...

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‘We cannot be complacent’: Quarles

Markets could still see a return to the unprecedented volatility of March – and this time, central banks might not bail them out. In a letter to ...

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Sentiment slumps on second wave

The impressive gains in consumer sentiment have been wiped out by a second wave of COVID-19 cases and could be set to sink lower. The ...

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JPMorgan posts record revenue ahead of ‘moment of truth’

JPMorgan Chase has posted record revenue during the worst recession in a hundred years but warned that the economy would get worse before it gets ...

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J.P. Morgan launches ESG push

J.P. Morgan Asset Management has launched a new ESG strategy as it attempts to strengthen risk management and create “more stabled, enhanced financial ...

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ME Bank chief steps down

The chief executive of an industry fund-owned bank has resigned after coming under scrutiny last month for his institution’s handling of changes to ...

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COVID-19 recession on track for a quick recovery

China is leading the way to a COVID-19 recovery, which bodes well for metrics across the rest of the world. “China was the first country to emerge ...

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