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22 August 2019 • By Sarah Simpkins • 1 min read

WAM profit plummets 88.4%

Wilson Asset Management Capital has reported an operating profit after tax of $14.5 million in the 2019 financial year, plunging by 88.4 per cent from ...

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NAB branch manager pleads guilty to fraud

A former NAB branch manager has pleaded guilty to one count of intention to defraud by false or misleading statement.  Mathew Alwan was found by an ...

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Sequoia sees $1m loss in ‘challenging’ year

Sequoia Financial Group generated a $1 million loss for financial year 2019, a drastic drop from the prior year’s profit of $2.3 million. The ...

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Trade dispute negatively impacting economy: RBA

The Reserve Bank has revealed that the escalation of the trade and technology dispute had increased the downside risk to the global growth outlook, ...

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Government’s royal commission roadmap revealed

The government has released its royal commission implementation roadmap to set out how it will deliver on its response to the royal commission

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K2 posts 125.7% loss

K2 Asset Management suffered a $1.3 million loss in financial year 2019, dragging its profit down by 125.71 per cent year-on-year. The result came ...

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Fiducian boosts profit, eyes more acquisitions

Financial services provider Fiducian Group grew its profit by 15 per cent in financial year 2019, with the business reaping the benefits of ...

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Charles Schwab to close local office

Charles Schwab is reportedly closing its local Australian office but will still allow clients access to its services.  According to an email sent ...

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ANZ entering period of significant change

ANZ has sought to reassure brokers and customers that it is working toward being a more approachable bank by clarifying its loan application processes

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GBST doubles profit

Platform provider GBST managed to double its profit in financial year 2019. The group’s net profit after tax (NPAT) came to $12.7 million, up by ...

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