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03 November 2017 • By Tim Stewart • 1 min read

NAB to cut 6,000 jobs as profit rebounds

NAB has announced an increased cash profit of $6.6 billion for the 12 months to 30 September 2017, along with plans to cut 6,000 jobs by 2020. The ...

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S&P Dow Jones to include carbon metrics

Financial market index provider S&P Dow Jones Indices has announced its website will publish carbon metrics alongside financial metrics for all ...

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Financial sector must earn trust: CFA Institute

The Australian financial services industry has a long way to go before it regains consumers’ trust, says the global chief executive of the CFA ...

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AllianceBernstein cuts management fees

Global investment manager AllianceBernstein has become the latest fund manager to lower its retail fees for Australian clients. AllianceBernstein ...

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Focus on sectors when going global: Arnhem IM

It will take more than a stock-standard global equities fund to diversify the typical Australian investor’s portfolio, says Arnhem Investment ...

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Venture capital tax incentives extended to fintech

The federal government has released exposure draft legislation that will remove restrictions for venture capital investors to access tax concessions ...

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Macquarie remains Australia's top fund manager

Macquarie Group remained the largest Australian fund manager throughout 2016 with $472 billion under management, making it the 52nd-largest manager in ...

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Blockchain has potential for widespread use: RBA

The Reserve Bank of Australia has extolled distributed ledger technology and indicated its potential use within Australian financial services

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NAB settles BBSW court case for $50m

NAB has become the second major bank to reach a settlement with ASIC over alleged manipulation of the bank bill swap rate, leaving Westpac to fight ...

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VicSuper ditches AMP for MetLife

VicSuper has appointed MetLife as its new group insurer, ending a 24-year relationship with AMP. The $19 billion industry fund VicSuper has ...

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