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09 August 2022 • By Jon Bragg • 1 min read

NAB posts $1.8bn cash profit for third quarter

The bank has released its latest quarterly trading update. On Tuesday, NAB reported a $1.8 billion cash profit for the third quarter, an increase ...

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Asset manager tackles greenwashing with AI

An investment manager is utilising artificial intelligence to screen the environmental and ethical claims of companies. Acadian Asset Management ...

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Suncorp profits drop in ‘challenging’ year

Volatile markets and natural hazard costs weighed on the firm’s annual results. Suncorp Group has reported a 34.1 per cent decline in net profit ...

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APRA ‘cannot afford to be complacent’ as economic conditions look to worsen

The prudential regulator has released its latest corporate plan. On Monday, APRA issued its 2022-23 corporate plan detailing how the regulator ...

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ANZ and CEFC offer $200m in loan discounts to support emissions reduction

Businesses will be able to access discounted financing to help them cut their emissions. ANZ and the government’s Clean Energy Finance Corporation ...

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Australian Eagle investment team set to join Montgomery

Montgomery and Australian Eagle have announced a new partnership. The investment team from Australian Eagle Asset Management will soon join ...

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Despite consolidation, super industry still a ‘fair distance’ away from optimal size

APRA has shared its view on the ideal size of the superannuation industry. APRA chair Margaret Cole has indicated that Australia’s superannuation ...

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RBA predicts unemployment rate will fall even further

After reaching 3.5 per cent in June, unemployment is expected to continue to decline. In its quarterly statement on monetary policy released on ...

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Albanese doesn’t see inflation reaching double digits

Inflation is not expected to reach the high levels forecast in the UK and elsewhere. Prime Minister Anthony Albanese said the government does not ...

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APRA-regulated entities ‘generally aligning’ with climate risk guidance

The regulator has released the results of its latest climate risk self-assessment survey. APRA-regulated entities across the banking, insurance and ...

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