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12 May 2017 • By Tim Stewart • 1 min read

ANZ boss decries ‘populist bank bashing’

ANZ chief executive Shayne Elliott has issued the strongest rebuke yet of the government’s decision to tax the assessed liabilities of the five ...

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Budget ignores housing market risks: Moody's

Tax initiatives introduced in the 2017 federal budget to address housing affordability concerns will do little to alleviate the build-up of “latent ...

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AMP blames MySuper for Q1 outflows

AMP’s wealth management division experienced $199 million in cash outflows during the first quarter of 2017, which the firm put down to the migration ...

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K2 Asset Management cuts fees

Boutique fund manager K2 Asset Management has announced reductions to the investment management fees and performance fees for three of its funds

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Levy could reduce bank profits by 4.5%

The new bank levy in Tuesday’s federal budget could reduce the earnings of the largest five banks by 4.5 per cent, according to Morgan ...

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Moody’s gives budget a tick of approval

Federal Treasurer Scott Morrison appears to have done enough in the federal budget to retain Australia’s AAA rating, with Moody’s noting the ...

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Australia has ‘furthest to go’ on climate change

The S&P/ASX All Australian 50 has the “highest embedded carbon” of any group in the S&P Global 1200 index though improvement is being made, ...

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CBA reports $2.4bn third quarter cash earnings

The Commonwealth Bank has released a third quarter trading update, showing unaudited cash earnings for the quarter ending 31 March 2017 of $2

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Profit growth slowing for big banks: KPMG

Last week’s first-half profit results for the major banks, while positive, show that increased capital requirements and competitive pressures are ...

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Vanguard Australia announces fee cuts

Vanguard Australia will reduce the management expense ratios on five of its diversified wholesale funds and revise their asset allocation

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