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| | | The Reserve Bank of Australia (RBA) lifted the official cash rate yesterday by 25 basis points to 4.85%, in line with expectations. Despite the hike being priced in by markets, the RBA noted the decision to lift interest rates was not unanimous, with ... |
| | | | Magellan Financial Group will retire its name and rebrand to Barrenjoey Capital Partners, as the newly combined group heightens its focus on investment banking, institutional sales, trading and execution services. Shareholders at the annual general ... |
| | | | The corporate regulator says it is "closely scrutinising" Sequoia Financial Group's second attempt at a fire sale of InterPrac Financial Planning to a little-known private investor. Sequoia yesterday announced it had "successfully concluded" the ... |
| | | | ... Protect provides advisers with multiple pathways to cover, including limited-underwriting options requiring as few as three yes-or-no risk control questions. AMP group executive, platforms Edwina Maloney said advisers had been seeking a simpler way to ... |
| | | | A former employee of the Victorian boutique advice business has been arrested and charged for allegedly trading client's shares without consent that generated close to $500,000 for himself. Emre Tahsin Basar of Victoria, a former employee of BW Equities ... |
| | | | Property developer Bathla Group went into voluntary administration yesterday, raising fears that investors will pull back from private credit funds exposed to the sector. In response, MA Financial has introduced a temporary monthly redemption limit ... |
| | | | From the advice sector to super funds, reactions to the sweeping reforms announced by the minister for financial services Daniel Mulino have been broad. Industry superannuation funds have welcomed financial advice reforms announced yesterday, which ... |
| | | | Pengana Capital Group is threatening legal action against Pengana International Equities (PIA) - the Wilson Asset Management-led board LIC - after shareholders overwhelmingly backed a buy-back it objects to, alleging among other things, "material conflicts ... |
| | | | Amid a ratings downgrade and possible governance issues concerning the Centuria Bass Credit Fund (CBCF), Morningstar predicts the property debt fund will be pulled from major investment platforms and unlikely receive new inflows. In an analyst note ... |
| | | | EQT AB has again upped its takeover bid for Perpetual, raising the offer price to $22.50. The private equity firm put in a revised offer price yesterday, which represents a 2% increase on the previous $22.07-per-share proposal announced in mid-July ... |
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