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Showing 11 - 20 of 489 results for "Correction"

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
ANZ has copped a whopping $240 million fine for bank-wide "unconscionable conduct" that includes admitting it was guilty of misleading the government over the $14 billion bond scandal. The misconduct relates to five separate matters spanning the retail ...

World's pension market hits $36.9tn

ELIZA BAVIN  |  TUESDAY, 9 SEP 2025
... report revealed combined AUM broke the previous record set in 2021 at $35.7 trillion (US$23.6 trillion) before a market correction in 2022 saw AUM dip. However, the report noted that growth slowed slightly, up 7.8% in 2024, compared to 10% growth the ...

FEATURE: Hyped up

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
Financial services firms stand at a pivotal juncture. Those in one camp, with their heads buried in the sand, can no longer ignore the fact that artificial intelligence (AI), particularly its sidekick generative AI (GenAI), is everywhere. The other ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
ASIC has permanently banned former investment manager and director Brett Paul Trevillian for fabricating investment reports of his trading strategy 'The Gold Method'. Trevillian, who has been serving a three-year sentence by way of an intensive ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
ASIC has permanently banned the founder of Maxwell Financial Services and Asset Capital Holdings, Matthew Allen Beresford, from working in financial services, after he was found guilty of running an investment scam. ASIC has also permanently banned ...

Industry bodies call for delay to Payday Super

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
... to be processed and received by super funds from seven calendar days to 10 business days. Extending the window for correction where incorrect fund information leads to rejected payments. Ensure the severity of penalties considers whether shortfalls in ...

'Crises happen': Investors reminded to stay calm

ELIZA BAVIN  |  WEDNESDAY, 9 APR 2025
As the stock market correction remains in full swing as a result of US President Donald Trump's sweeping tariffs, Australians are being reminded to stay calm. Schroders head of strategic research Duncan Lamont said despite the market mayhem, a market ...

UniSuper prepared for buying opportunities

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
... economy-inflation is behaving itself, employment remains strong, and the tech revolution continues. If we do get a correction, UniSuper will likely be using it as a buying opportunity." Pearce said global markets, listed assets and big tech were all ...

CBA's 'Cinderella story' over: Analysts

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
... however this could unwind quickly," he said. "In the event of a systemic crisis, CBA could be vulnerable to a significant correction, as expensive stocks typically underperform in these environments." Macquarie analysts downgraded the bank despite CBA ...

Bitcoin now 7th largest global asset

ELIZA BAVIN  |  TUESDAY, 14 JAN 2025
... late December when the US Federal Reserve scaled back its planned 2025 rate cuts from four to two, triggering a sharp correction, wiping out US$500 billion from the market cap. Despite the correction, the Binance Australia Monthly Crypto Market Wrap ...