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25 November 2024 • By James Mitchell • 1 min read

Macquarie grilled over offshore tax havens

The investment bank has made its first appearance before a parliamentary inquiry where its top executives were grilled over “aggressive tax practices” ...

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Major bank fined $9 million for breaches of Corporations Act

BREAKING A major bank has been fined millions for 22 contraventions of the Corporations Act.

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Market ‘overreaction’ leaves Link undervalued

Stock analysts believe ASX-listed Link Administration Holdings Limited remains undervalued despite its share price recovering 30 per cent since its ...

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May jobs numbers revealed, exceed expectations

The latest labour market statistics have been published, surprising markets for the second consecutive month.

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Mike Baird to leave NAB

BREAKING NAB has announced that Mike Baird, chief customer officer for consumer banking, will be leaving the bank effective 15 April.

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Moelis posts record earnings, profit up 35%

Moelis Australia has posted record earnings for FY18, more than doubling its asset management EBITDA to $52.5 million from $23.4 million in FY17.

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Moelis share buyback paves way for acquisitions

Moelis Australia will cease to be foreign company nor require FIRB approval on acquisitions after its NYSE-listed parent company reduced its holding ...

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MyState sells wealth business for $3.5m

MyState Limited announced today that it has entered into a sale agreement with Fiducian Group Limited for the acquisition of MyState’s retail ...

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NAB appoints new CEO

After much speculation, NAB has appointed its new chief executive following the departure of Andrew Thorburn.

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NAB COO Antony Cahill resigns

NAB chief operating officer Antony Cahill has announced he is departing the major bank to return to his family in the UK where he will take up a ...

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NAB puts dollar value on ASIC action

NAB chairman Philip Chronican has commented on ASIC’s fee-for-no-service action by stating that the issue only relates to around $1.3 million in ...

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NAB tipped to fork out $500m for AUSTRAC breaches

The major bank is yet to face the wrath of AUSTRAC after reporting a number of compliant breaches to the financial crime regulator.

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NAB to add 163 new business bankers

The major bank has announced it will introduce 163 new roles in its business and private bank as part of an ongoing commitment to backing customers in ...

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NAB’s ‘hefty’ remediation bill won’t hit dividends

A top banking analyst says the major bank’s recently announced remediation costs are only 2 per cent of the company’s value and are unlikely to impact ...

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OneVue sells super trustee business for $45m

Sargon Capital has acquired Diversa Trustees Limited from OneVue in a $45 million deal that will bring Sargon’s assets under trusteeship and ...

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Perennial execs to acquire remaining IOOF stake

Boutique fund manager Perennial Value announced today that its senior executives plan to acquire the remaining 42.4 percent interest in the business ...

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Perpetual appoints GM of distribution

Perpetual Limited has announced the appointment of Adam Quaife to the role of general manager distribution for Perpetual Investments.

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Perpetual knocks back ‘unsolicited’ takeover offer

The ASX-listed wealth management firm has rejected an indicative takeover offer from a private equity consortium.

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Perpetual rejects improved takeover bid

The wealth management company has brushed off a second “unsolicited” takeover proposal in just a week. 

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Perpetual, Pendal agree on terms of revised takeover offer

The wealth management companies have struck a new deal, which includes a reduction in the cash component and an increase in the scrip consideration

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