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09 May 2017 • By • 1 min read

Westpac interim cash earnings up 3%

Westpac’s interim financial results have shown a $99 million increase in cash earnings on the second half of 2016, up 3 per cent to $4,017 million

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Foreign firms could “colonise” Australian banking

Australia’s slowness to offer open data leaves the country’s banking sector open to an incursion from more competitive foreign companies, according to ...

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ETF pioneer leads robo-adviser capital raise

Automated investment provider Stockspot has announced the closure of a $3 million fundraising exercise off the back of support from a prominent ...

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KPMG flags licensee supervision risks

ASIC’s finding that many licensee audits are inadequate means licensees need to find better ways to monitor and supervise their authorised ...

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Macquarie records 7.5% full-year profit growth

Macquarie Group has reported healthy profit growth for the year ending 31 March 2017 despite “challenging market conditions”. The bank’s net profit ...

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Markets returning to ‘old normal’

The recent upturn in markets looks to be more than a “cyclical bounce” and likely marks the beginning of a transition to a period of better growth, ...

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FPA appoints independent tribunal chair

The Financial Planning Association has appointed Graham McDonald to chair its Conduct Review Commission as part of the association’s move to become a ...

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NAB profit flat as bad debts increase

NAB has posted a flat cash profit of $3.29 billion in a half-year result that is largely in line with analyst predictions, but bad and doubtful debts ...

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Fed leaves the door open on June hike

The US Federal Reserve’s decision to keep rates on hold yesterday was widely expected, but the central bank could announce a hike in June, says State ...

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ANZ exits JV with ETF Securities

ANZ has sold its stake in the ANZ ETFS joint venture with ETF Securities just two years after the partnership was launched in May 2015

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