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01 November 2022 • By Maja Garaca Djurdjevic • 1 min read

Is Australia on the cusp of financial distress?

The main risk to the Australian economy is financial distress, an associate professor has said. While placing the likelihood of a US recession at ...

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Iress completes $100m share buyback program

On Friday, Iress confirmed it has completed its share buyback program originally announced in July last year. In an ASX listing, the firm said the ...

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Lonsec and SuperRatings announce this year’s winning funds

Perpetual has been crowned the Lonsec Manager of the Year. Lonsec and SuperRatings announced the winners of this year’s Fund of the Year Awards at ...

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Investment manager’s FUM slides $3.2bn

The investment manager has reported a significant boost in its adviser reach.  Pinnacle’s total affiliate funds under management (FUM) declined 4 ...

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Market blindsided by crackdown on off-market share buybacks

The inclusion of the off-market share buyback measure in the budget has blindsided the market. In Tuesday evening’s budget, Labor delivered an ...

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ANZ hit with $25m fine

ANZ has been slapped with a $25 million fine.  The Federal Court has ordered Australia and New Zealand Banking Group Limited (ANZ) to pay a $25 ...

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CommSec, AUSIEX hit with largest ever penalty for breaches of Market Integrity Rules

CommSec and AUSIEX have been ordered to pay a penalty of over $27 million for systemic compliance failures. The Federal Court has ordered ...

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Westpac's earnings down $1.3bn in 2H22

The big four bank has released its results for the second half of financial year 2022. Westpac on Monday announced that its reported net profit and ...

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Magellan plots comeback, says it will regain global standing in 5 years

Magellan plans to regain its global standing in five years’ time through improved, research-led performance. Speaking at the firm’s annual general ...

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Recession or slowdown ‘a price worth paying’ for central banks

A global asset manager has predicted that most developed economies will experience a recession over the next year as central banks continue tackling ...

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