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| | | The Australian Securities and Investments Commission (ASIC) will split its single enforcement directorate division into six and four of its 'silo' directorates into 17 stakeholder teams, in a bid to stay relevant with the fast evolving financial markets. ... |
| | | | ... per cent at the open on a negative US lead. "The turnaround story has been in the financial sector," he said. "Commonwealth Bank gave a presentation to the Macquarie conference in Sydney yesterday and outlined there that they saw no need for capital ... |
| | | | The Australian stock market is expected to open lower following a sell off on Wall Street and drops in base metals prices in London overnight. At 0745 AEST, on the Sydney Futures exchange, the June share price index was down 74 points at 5,582. In local ... |
| | | | ... however, the big banks were down, with ANZ loosing 22 cents to $22.68, Westpac shedding 55 cents to $25.05, National Australia Bank dropping 57 cents to $30.85 and Commonwealth Bank falling 48 cents to $42.77. |
| | | | Standard & Poor's Index Services (S&P) has teamed up with the Australian Securities Exchange (ASX) to seek market feedback on a proposal to make listed Foreign Exempt companies eligible for index inclusion. In a proposal outlined in the consultation ... |
| | | | BT Financial Group's online super product, BT Super for Life is gaining traction, with almost 100 new customers signing on each day. A BT Financial Group spokesperson said the unique online banking and super integration in addition to its simple functionality ... |
| | | | ... would be temporary. Resi Mortgage Corp withdrew its reverse mortgage from the market earlier this year. Resi sold a Macquarie Bank loan re-branded as Seniors Equity Advantage. Macquarie Bank announced in March that it was cutting back on its mortgage ... |
| | | | ... market closed marginally lower, dragged down by the banks and a weak US lead, with the widely expected decision by the Reserve Bank of Australia (RBA) to keep interest rates on hold having little effect. The benchmark S&P/ASX200 index was down 28.9 points ... |
| | | | Ward Financial Group, part of Commonwealth Bank-owned dealer group, Financial Wisdom, has developed a software designed to reduce the onerous number crunching involved in Transition to Retirement (TTR) strategies. Provisio, developed by Barry Ward from ... |
| | | | ASX listed financial services firm Snowball Group has acquired 100 per cent of the assets of specialist corporate superannuation business, Mastertek Benefit Consultants (MBC). Snowball will snap up all the assets of MBC, while the acquisition will be ... |
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