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18 October 2024 • By [email protected] • 1 min read

‘Emergency rescue’: UBS to acquire Credit Suisse

The Swiss banking giant is set to absorb its troubled competitor after launching a $5 billion deal pre-approved by regulators.

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‘Gate-crashers’ tipped to disrupt M&A deals

Disruption from third parties to the M&A process is expected to continue in 2019, according to Herbert Smith Freehills.

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‘I know people’: Bank CEO’s rich mates have advisers on ‘retainer’

The head of a major bank has been grilled by the royal commission over his understanding of financial advice in the Australian market.

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‘If you can't short, you can't do business’: former ASX director

A former ASX board member continues to defend the practice of short selling, arguing that it is a “necessary” part of investing. 

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‘Optimistic’ budget rides on plenty of good luck

The excitement and fanfare of a pre-election budget surplus fails to address some of the weaker elements of the Australian economy.

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‘Rule a line through’ August jobs numbers, says CBA

A spike in jobs numbers has been downplayed by economists who continue to expect a deterioration in labour market conditions over the medium term.

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‘Suffering’: Morningstar slashes growth forecast for fund manager

The fund manager has been hit by the cross-currents of falling share prices, better access to global assets and structural changes among key industry ...

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‘Time bomb’: Credit Suisse warns of retirement crisis

We need to rethink the concept of retirement and get used to the idea of working into our senior years, according to the Credit Suisse Research ...

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‘We’re taking bets’: Industry fund puts $1bn on VC

The CEO of an industry super fund has explained how the group will invest $1 billion of member funds in venture capital “bets” including online ...

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13 funds fail government’s inaugural performance test

APRA has released the results of its inaugural performance test, revealing that a total of 13 funds have failed to meet the objective benchmark.

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Adamantem Capital acquires ASX-listed company

The Aussie private equity player has snapped up its second public-to-private target and the sixth for the fund since it launched in 2017.

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All eyes on RBA as inflation dips below expectations

Expectations of a pause to the Reserve Bank’s monetary policy tightening cycle have been buoyed by a sharper than expected fall in annualised ...

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American Express to ‘decommission’ Australian FX offering

EXCLUSIVE The global payments company is downsizing local operations as part of a gradual unwinding of its foreign exchange offering outside the ...

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AMP announces $3.3bn sale

AMP has today announced the successful completion of its portfolio review including an agreement to divest one of its core businesses.

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AMP appoints new CEO

Former Credit Suisse South East Asia chief executive Francesco De Ferrari has been named as AMP’s new boss, effective 1 December 2018.

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AMP names new CFO

AMP Limited has today announced the appointment of its new chief financial officer.

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AMP poaches another Credit Suisse banker

The financial services giant has today announced the appointment of its new advice boss to replace Jack Regan.

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AMP wealth records $1.8bn net outflows in first quarter 

The troubled wealth management group saw net cash outflows of $1.8 billion in Q1 2019, compared with just $200 million a year earlier.

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ANZ facing criminal cartel charges

The Commonwealth Director of Public Prosecutions is set to charge ANZ with being involved in alleged cartel conduct in relation to an institutional ...

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ANZ fires 200 staff for misconduct

The big four bank has today revealed that a number of senior executives are included in up to 200 staff whose employment has been terminated as a ...

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