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| | | ... the market on Thursday rose strongly, more than recovering losses suffered in the previous two days, with retailers and banks among the best performers. The benchmark S&P/ASX200 index was up 62.3 points, or 1.15 per cent, to 5,464.3. The broader All ... |
| | | | ... up 37 cents at $15.55 after a legal win paved the way for it to buy two power stations from the NSW government. The major banks were also higher, with Westpac gaining 46.5 cents to $34.295, National Australia Bank lifting 27 cents to $33.07, Commonwealth ... |
| | | | ... investment platforms. Yellow Brick Road chief executive Matt Lawler said that with the RBA cash rate at a record 2.5% low and banks seeking to tap cheaper wholesale bond markets for funding, depositors were finding it difficult to get cash returns above ... |
| | | | While industry funds fear banks are targeting them to boost wallet share of their customers, research from Roy Morgan reveals banks lose more of their customers' business to other banks. According to the research, Roy Morgan found that the Big 4 retail ... |
| | | | ... Tinto down 55 cents at $58.98, BHP 32 cents lower at $36.14 and Fortescue Metals dropping 1.5 cents to $4.345. Among the banks, Commonwealth Bank had lost 43 cents at $81.15, National Australia Bank was down 8.5 cents at $32.995, Westpac had declined ... |
| | | | ... of asset and fund services Justin Burman said: "The question is whether the fund management sector outside the big four banks, who have a vested interest in their platforms, will come to play in that space." "The initiative is a little bit of a disrupter ... |
| | | | Banks could be pocketing grandfathered commissions rather than passing them on to financial advisers, Industry Super Australia (ISA) has warned. ISA has called on the Australian Securities and Investments Commission (ASIC) to investigate the issue of ... |
| | | | ... the scandal, people familiar with the matter told AFP. During a period that lasted more than five years, BNP used regional banks abroad to route funds linked to Sudan-based companies and government agencies, even as the US and other countries said Khartoum ... |
| | | | ... arrives) for these same warnings keep the markets' exuberance from becoming irrational.... and then we have the central banks watching the markets watch the central banks watch the markets. If you think the world's biggest central banks - after spending ... |
| | | | ... take the prudent approach and shelve their plans to reduce consumer protections in financial advice." ISA noted that "the banks have lobbied for a wind back of the best interests test, the re-introduction of certain kickbacks paid to financial planners ... |
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