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The man with the golden jawboneBY BENJAMIN ONG | THURSDAY, 27 AUG 2015 9:30AM
'twas Bill -- New York Fed Bank president and FOMC vice-chairman William Dudley - and his jawbone that did it.
Read more: China, Dow, New York Fed Bank president, Governing Council, James Bullard, QE, S&P 500, Wall Street, William Dudley, Tony Abbot, Peter Cetera, St. Louis Fed, Bloody Monday, European Central Bank, Haruhiko Kuroda, MarketWatch, PBOC, Peter Praet, Policy Board, FOMC meeting, Shanghai Composite index, St Louis president James Bullard, Treasurer Joe Hockey
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Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
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Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
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ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
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At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
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