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Volt Bank announces abrupt closure

29 June 2022 • By Jon Bragg • 1 min read

Volt Bank announces abrupt closure

The neobank has urged customers to withdraw all funds and stop using their accounts. On Wednesday, Volt Bank announced it will close its ...

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‘Less wealthy clients are undervalued and underinvested’, report finds

These client segments are estimated to represent a potential $332 billion revenue pool worldwide. Wealth managers may be leaving money on the table ...

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Magellan completes Guzman y Gomez sale

The fund manager has offloaded its 11.6 per cent stake in the Mexican fast food chain. Magellan Financial Group has completed the sale of its 11.6 ...

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Investment industry subject to additional ESG scrutiny on the road to COP27

The next UN Climate Change Conference is due to be held in Egypt in November. The investment industry is expected to face further scrutiny ...

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Qantas reduces debt, offers $5k bonus to employees

The airline’s net debt has fallen by around $1.5 billion in the past six months. Qantas Group’s net debt is expected to fall to around $4 billion ...

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Property prices push household wealth to record high

House prices have been the main contributor to rising household wealth, which was partially offset by the poor performance of super funds

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Humm directors head for the exits

The majority directors of Humm have resigned after the sale of the company’s consumer business was terminated. In a statement to the ASX on ...

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Westpac launches $750m Capital Notes 9

The bank plans to raise $750 million in additional tier 1 capital through the offer. On Tuesday, Westpac announced the offer of a new additional ...

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Australian crypto exchange granted AFSL

The firm claims to be the first crypto exchange in Australia to go through the full AFSL application process. Local crypto exchange BTC Markets has ...

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Profit-making property sales down for the first time since 2020

After a prolonged period of continuous growth, the number of profitable property sales fell during the March quarter. The rate of profit-making ...

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