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11 November 2020 • By Sarah Kendell • 1 min read

CBA flags 16% profit slump

The major bank announced its cash profits for the first quarter of the 2020 financial year had slumped 16 per cent year-on-year, but said growth in ...

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BT questions APRA data on MySuper fees

BT has suggested APRA’s super heatmap is not an accurate representation of returns being generated for fund members, as the wealth giant faced a ...

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Consumers exit loan deferrals as recovery picks up

New figures from the prudential regulator show the number of consumers exiting loan deferral arrangements soared in September, in a sign that the ...

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Pharmaceutical exec charged with insider trading

The general manager of an ASX listed pharmaceuticals group has been charged with insider trading following allegations from the corporate regulator ...

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US asset manager makes bid for AMP

The wealth giant has revealed a US-based alternative investment manager has made an offer to acquire 100 per cent of its shares. In a statement to ...

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Federal Court freezes suspected investment scammer's accounts

The Federal Court has ordered the alleged architect of an investment scam be restrained from leaving the country and frozen the bank accounts of his ...

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APRA faces heat on industry fund donations

The prudential regulator was grilled by the House economics committee on Friday around the appropriateness of industry fund political donations, ...

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Westpac flags $1.2bn earnings hit

The big four bank has said its second-half earnings will plummet by $1.2 billion due to write-downs of its life insurance business and further ...

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NSW court hits Societe Generale with fine

The European bank's Australian operations have been hit with a $30,000 fine after the group was found to have breached client money obligations

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Suncorp appoints NZ CEO

Suncorp has confirmed the acting chief of the New Zealand business as its permanent boss. Jimmy Higgins has taken the role, after being acting ...

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