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23 October 2019 • By James Mitchell • 1 min read

Westpac takes $341m profit hit in second half

The big four bank has today announced that its cash earnings for the second half of 2019 will be reduced by $341 million due to customer remediation ...

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Average Aussie worth $562,000: Credit Suisse

Weaker real estate prices and the depreciation of the Aussie dollar against the US have reduced the number of millionaires in Australia over the last ...

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Hong Kong recession won’t spread

Hong Kong could sink into a devastating recession but its impacts will be confined to the city-state, according to an analyst from Moody’s

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Why did Latitude’s IPO fail?

It was poised to be one of the biggest public offerings of the year, but for a second time Latitude Financial failed to list on the ASX this week

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Royal commission has weakened regional banks

Bank of Queensland posted a 14 per cent fall in profits for the 2019 financial year as the fallout from the Hayne royal commission burdens smaller ...

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Wealth business to be built on client need: AMP

AMP’s recent changes to its wealth management business is around getting to a simpler business “led by client needs” and “not by selling products”, ...

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Aus investors flag turbulent global politics

Australian fixed-income investors have named political and geopolitical risk to be the greatest threat to domestic credit markets over the next 12 ...

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One-stop shop banking model unsustainable: Wisr

Smaller banks outside the big four will have to rethink how they operate with the traditional model of being a hub for all banking and financial ...

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Challenger holds steady as annuities sales plummet

Challenger recorded a slight incline in total assets under management to $84 billion in the first quarter of financial year 2020, up 3 per cent ...

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EMD creates risk and reward in the Asia Pacific

Aussie investors might be missing billion-dollar EMD opportunities on their doorstep, but are the risks greater than the rewards? Commercial ...

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