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14 August 2020 • By Lachlan Maddock • 1 min read

NAB comes out swinging

NAB reported stronger-than-expected results for the third quarter, but turnaround king Ross McEwan still has his work cut out for him. NAB reported ...

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NAB takes COVID hit

NAB’s third-quarter earnings fell 7 per cent as COVID-19 bit into its bottom line. NAB reported unaudited cash earnings of $1.55 billion in the ...

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HESTA awards administration mandate

Link Group has been reappointed to provide retirement and superannuation solutions to the $53 billion fund following a “highly competitive” tender ...

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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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