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CFSGAM sale clears regulatory hurdlesBY KANIKA SOOD | FRIDAY, 26 JUL 2019 12:22PM
Commonwealth Bank has received all regulatory approvals to sell its global asset management business to Japanese banking giant.
Read more: CBA, Commonwealth Bank, Count Financial, CFSGAM, NewCo, Aussie Home Loans, Banking Corporation, Colonial First State, Financial Wisdom, Jason Yetton, Linda Elkins, Mitsubishi UFJ Trust
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Towards a perfect currency solution
Schroders has hired from RBC to appoint a head of private debt for Australia, as it builds out a private assets offering for local investors.
The administrator appointed to embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments.
Reserve Bank of Australia governor Philip Lowe said the legislated increase to the superannuation guarantee will impact wage growth and the government will need to weigh up the impacts of that.
National Australia Bank has reported a 7% fall in cash earnings to $1.55 billion for the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business.
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