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| | ... wasn't material, but Federal Court Justice Moshinsky rejected this, stating that the underwriters, being Citi, Deutsche Bank, and JPMorgan, would absorb the shortfall. Justice Moshinsky said that if the information had been disclosed by ANZ, persons ... |
| | | The Financial Services and Credit Panel (FSCP) has slapped a financial adviser with a "registration prohibition order" for being insolvent under administration. Timothy Leslie Anderson's registration as a relevant provider has been revoked from ... |
| | | MLC Life has hired the man who led Commonwealth Bank's recent $1 billion remediation program to the role of general manager, remediation programs. Ian Fletcher, currently general manager of program strategy, customer remediation at Commonwealth Bank ... |
| | | Fidelity International's head of client solutions and retirement Richard Dinham has left the fund manager after almost six years. During that time, Dinham worked with Fidelity's investment teams to develop new solutions to meet the current and ... |
| | | The Reserve Bank of Australia (RBA) has appointed a chief economist and assistant governor to lead its Economic Group, which comprises the Economic Analysis and Economic Research departments. Sarah Hunter assumes the position, taking over from Luci ... |
| | | J.P. Morgan Asset Management (JPMAM) has listed two more active ETFs, taking the total number of listed products to 11. While the JPMorgan Global Bond Active ETF (JPGB) is listed on Cboe Australia, the JPMorgan Global Research Enhanced Index Equity ... |
| | | ... cybersecurity breach affecting 14 million people. Previously, he served as chief executive of Australia Post, and National Australia Bank/MLC. The group stated that the appointment would enable founder Tim Gurner to "delve deeper into his passions" and ... |
| | | In its final response to the Quality of Advice Review (QAR), the government plans to modernise the best interests duty and amend the Statement of Advice (SoA), while also granting approval for superannuation funds to provide personal advice. In its ... |
| | | In its final decision of the year, the Reserve Bank of Australia (RBA) kept interest rates unchanged at 4.35%. The decision to hold spares borrowers a sixth interest rate rise in 2023, following a 25 basis point increase at its previous meeting in November. ... |
| | | Barings is mooting the launch of several new Asia Pacific investment strategies in 2024, aimed at "meeting the evolving needs of Australian wealth and institutional clients". The US$347 billion global investment manager anticipates that the introduction ... |
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