The largest public pension fund in the US fires a warning shot against companies with lousy corporate governance when it demanded a company it invests in to re-write its CG policy and pay a $930 million cheque for wrongful share trading.
Read more »The Australian financial services industry is losing the war for talent and may not be able to maintain its growth if it is not able to turn the situation around. Its biggest failing has been its inability to attract women with tertiary qualifications to the industry.
Read more »The Association of Financial Advisers (AFA) has put its foot down that advisers' commissions should not be abolished because the existing system promotes choice and value among clients.
Read more »The Australian share market was 0.6 per cent stronger at noon as bargain hunters returned to the local resources sector, after Wall St bounced.
Read more »Helen Troup, ING Australia's executive director of Life Risk, has been promoted as the first Australian chief executive of ING New Zealand.
Read more »Pentafin has appointed US expat Joe Vetto and ex-Challenger operations support manager Karen Chim to its IT team.
Read more »Clients of proactive financial planners are less stressed about their asset allocation and overall portfolio after being sent educational material during equity market corrections.
Read more »Platform provider netwealth Investments launched its Investor Rewards Program that allows investors access to a cost efficient 'baby wrap' style investment menu.
Read more »St George Bank financial planning dealer group, Securitor, extends its network on the eastern seaboard after Coffs Harbour and Nerang based BBV Wealth Management joined the group.
Read more »The ABS will be cutting back surveys and sampling depth in key economic areas as it meet savings targets outlined in the Federal Budget.
Read more »The Australian share market is expected to open higher today after the Dow rose on Wall Street overnight.
Read more »Thursday 3 Jul 2008
Struggling telecommunication companies, bankrupt banks, airports under duress - the sub-prime crisis has increased the number of distressed debt companies, providing more opportunities for the Mellon Recovery Fund.
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