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29 July 2019 • By Reporter • 1 min read

Shadow banks the biggest danger for Chinese economy

China's growth rate is likely to stay low, and the country may even slip into recession, according to an academic from UNSW Business School

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Reserve Bank changes ESA policy

The Reserve Bank has updated its Exchange Settlement Account policy in part due to the wider range of fintechs coming to market. The Reserve Bank ...

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deVere boss warns investors over Boris Johnson

Investors in UK financial assets need to be “aware and alert” as Boris Johnson pursues his agenda as Britain’s new Prime Minister, the CEO of one of ...

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High-net-wealth investors unsophisticated in approach

A new report into the investing habits of high-net-wealth individuals has found that their portfolios are not very sophisticated. The inaugural ...

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Macquarie to dismantle asset finance business

Macquarie Group will be disbanding its Capital and Asset Finance (CAF) unit, dividing it between its other businesses. From 1 September, each of ...

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IOOF FUMA up 19%

IOOF has posted a year-on-year increase of 18.7 per cent in its funds under management, advice and administration (FUMA) to $149.5 billion. The ...

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ANZ sued for unconscionable conduct

ASIC has commenced proceedings in the Federal Court against ANZ over allegations relating to charging of fees for periodical payments. ASIC advised ...

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ASIC to commence civil proceedings against major bank

ASIC has advised one of the big four that it intends to commence civil penalty proceedings against the bank in relation to the charging of fees

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APRA puts Macquarie and HSBC on notice

APRA has put several ADIs on notice for breaching the prudential liquidity standard including Macquarie and HSBC. Following a review of funding ...

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Why Aussie financial firms are becoming uninsurable

Spend a few hours on the Lloyd’s of London trading floor and you’ll see what impact the royal commission and consequent class actions is having on ...

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