Banks narrowly avoid parliamentary inquiryBY EMMA RAPAPORT | FRIDAY, 16 JUN 2017 12:42PM
Australian banks have narrowly dodged the possibility of facing a Royal Commission-style inquiry after a Green's Bill to establish a Parliamentary Commission of Inquiry fell short by a single vote in the House of Representatives yesterday.
Read more: Parliament, Banks, Labor, House of Representatives, Royal Commission, Senate, Parliamentary Commission, Budget, George Christensen, ABA, Greens, Banking inquiry, Bank tax
Long term Bond Investors Shouldn't Fear Rate Rises
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At the request of both parties, the Federal Court has referred the proceedings between CBA and AUSTRAC to mediation.
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Australia's largest superannuation fund appointed a $109 billion fund manager to advise on investment opportunities in the European office and retail sectors.
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Despite the market volatility and challenges 2018 has thrown at advisers, this is a good time to cut through the short-term noise and reflect on opportunities that'll pay off in the long run, according leading fund managers.
The performance of Pengana Capital Group, which was created following the Hunter Hall merger last year, drove Washington H. Soul Pattinson's 1H18 portfolio up 43.3%.
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