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| | | Independent and bank-aligned financial advisers want platform costs to be lowered and have high expecations of support from providers once opt-in reforms are implemented, an industry survey has found. The annual CoreData Platform Study reported that ... |
| | | | ... Notes maturing on October 21, 2011, and $1,000 million of Treasury Notes maturing on November 11, 2011. National Australia Bank issues its quarterly business survey. In equities news, the Asia Pacific Aviation Outlook Summit hears from Senator Nick Sherry ... |
| | | | ... bring the total job losses to 2250. Record low interest rates are believed to have been contributing to a reduction in the bank's returns on investments and institutional lending. It is believed chief executive officer Joseph Hooley is trying to cut ... |
| | | | ... adjourned for trial on April 11 2012. ASIC alleged that on 20 March 2008, Opes Prime directors signed documentation with ANZ Bank, gaining a term loan for Opes Prime Stockbroking and its parent company, Opes Prime Group, pledging the companies' assets ... |
| | | | ... analyst Wes Nason reportedly said that if Macquarie slashed 1000 employees, about 6.4% of its workforce, then it would help the bank restore its returns. "Data on announced M&A (mergers and acquisitions) indicate that market share loss continues and ... |
| | | | ... Fidelity's GARP fund currently has overweight positions in Rio Tinto, Iluka, Map Airports, Oil Search, Wesfarmers and Commonwealth Bank. "I think in Australia the overall market is pretty attractively priced, valued back below 12 times with some good ... |
| | | | The Australian dollar was higher at noon, after dipping briefly on concerns the central bank has softened its outlook for domestic interest rates. At 1200 AEST on Monday, the Australian dollar was trading at 106.33 US cents, up from from 106.00 US cents ... |
| | | | ... local September share price index futures contract was down 22 points at 4,425. In economic news on Tuesday, the Reserve Bank of Australia (RBA) publishes the minutes of its July board meeting, and the Australian Office of Financial Management (AOFM) ... |
| | | | ASX listed Firstfolio has agreed to acquire non-bank mortgage lender Calibre Financial Services amid plans to tap the growing demand from institutional investors to take part in residential mortgage backed securities (RMBS) issues. Firstfolio, a mortgage ... |
| | | | ... launched in the US this year and also in Asia Pacific, which accounts for around 10% of the worlds hedge fund AUM. Last week the bank launched its customised hedge fund and alternative solutions in Australia. "We've seen a large inflow of assets into ... |
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