Powered by MOMENTUM MEDIA
investor daily logo

News

Westpac flags $1.2bn earnings hit

26 October 2020 • By Sarah Kendell • 1 min read

Westpac flags $1.2bn earnings hit

The big four bank has said its second-half earnings will plummet by $1.2 billion due to write-downs of its life insurance business and further ...

READ MORE
icon

NSW court hits Societe Generale with fine

The European bank's Australian operations have been hit with a $30,000 fine after the group was found to have breached client money obligations

READ MORE
icon

Suncorp appoints NZ CEO

Suncorp has confirmed the acting chief of the New Zealand business as its permanent boss. Jimmy Higgins has taken the role, after being acting ...

READ MORE
icon

Labor slams government lack of vision on budget

Labor has criticised the lack of vision in the budget handed down by the government earlier this month, as the nation moves towards its largest ...

READ MORE
icon

Certainty grows on a Melbourne Cup rate cut

Australia is likely to see interest rates cut to zero on Melbourne Cup Day, with rates remaining around this level for the next decade as the economy ...

READ MORE
icon

Volatility to fuel further outperformance from tech

Investors should not be afraid to overpay for tech-focused names that are likely to continue to dominate the global share market as the US election ...

READ MORE
icon

ANZ cops $10 million fine for unconscionable conduct

The Federal Court has handed down a $10 million fine to the major bank after finding it breached its licensing obligations in respect of fees charged ...

READ MORE
icon

Government could dismantle super: Hewson

A former Liberal Party leader has added fuel to political speculation that the government may be preparing to dismantle compulsory super, saying the ...

READ MORE
icon

Should companies start choosing sides?

Companies that try to play both sides of the burgeoning US-China tensions could struggle to overcome negative publicity, according to J

READ MORE
icon

ASIC takes funds to task for false advertising

In the wake of the Mayfair 101 court action, ASIC surveillance of almost 40 managed funds found that many were mislabelled and that the product name ...

READ MORE