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Colonial acquisition cost CBA shareholders $53bn: MerlonBY KANIKA SOOD | TUESDAY, 9 APR 2019 12:48PM
CBA's decision to purchase Colonial under then chief executive David Murray destroyed $53 billion of value to shareholders in today's dollars, says Merlon Capital Partners.
Read more: CBA, David Murray, Merlon Capital Partners, Analyst Hamish Carlisle, Australia Carlisle, Australians, BHP, Colonial Limited for, New Bank, REST Industry Super, Royal Commission, UK
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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.
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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.
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