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07 July 2022 • By Jon Bragg • 1 min read

APRA grants restricted ADI licence to Australia’s first Islamic bank

Islamic Bank Australia plans to offer a full suite of retail and business banking services. APRA has issued a restricted authorised deposit-taking ...

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Equity Trustees appointed RE for Foord Asset Management

The investment manager has named Equity Trustees as responsible entity for its high conviction global equity portfolio. Equity Trustees has ...

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Over $700m lost to investment scams in 2021

Record levels of scam activity were seen in Australia last year. Australians lost a total of $701 million to investment scams during 2021, a jump ...

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Bank says capital city house prices to fall by up to 20%

Sydney and Melbourne are expected to record the biggest declines. House prices in Australia’s capital cities are set to fall by between 15 and 20 ...

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House prices in decline nationally for second consecutive month

Australia’s housing downturn is building momentum, according to CoreLogic.  Price falls in Sydney and Melbourne have again driven CoreLogic’s Home ...

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New Broker Academy 2022 to help kick-start your broking career

Registrations have opened for the New Broker Academy, a free event set to help those in the investment industry who want to switch to a career in ...

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Higher electricity and gas prices to account for nearly one-tenth of inflation

ANZ has estimated how much rising electricity and gas prices will contribute to headline inflation in 2022. Electricity and gas prices are ...

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Volt Bank announces abrupt closure

The neobank has urged customers to withdraw all funds and stop using their accounts. On Wednesday, Volt Bank announced it will close its ...

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‘Less wealthy clients are undervalued and underinvested’, report finds

These client segments are estimated to represent a potential $332 billion revenue pool worldwide. Wealth managers may be leaving money on the table ...

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Magellan completes Guzman y Gomez sale

The fund manager has offloaded its 11.6 per cent stake in the Mexican fast food chain. Magellan Financial Group has completed the sale of its 11.6 ...

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