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| | | ... cash rates from the start of the tightening, margins rose only 11bps for the year as a whole and actually fell 7bps in the second half as competition intensified." Garland also explained strong banks equal a strong economy. "You'd rather strong banks ... |
| | | | A former financial adviser who was jailed for breaching COVID-19 border restrictions to attend the AFL Grand Final had his ASIC banning order reduced. Mark Babbage, who was an authorised representative of Wealthsure and Capstone Financial Planning ... |
| | | | ... of the year lifted 1.2%, in line with our forecast, but a tick above consensus, and a re-acceleration from 0.8% in the second quarter," the report said. "The year-on-year remains on a moderating trend, but at 5.4% was above the RBA's implied forecast ... |
| | | | Prime Value Asset Management is launching its second fund that invests in retirement villages targeting sophisticated investors in mid-November. The Prime Value Retirement Living Fund 2 will invest in four properties based in Victoria that have about ... |
| | | | ... strike. More than 58% of Magellan's shareholders voted against the report on executive pay following years of turmoil. If a second strike is recorded next year, the board will all face re-election. Formica said the board acknowledges that shareholders ... |
| | | | ... one-, three-, five-, and 10-year periods, respectively, as of September 30. However, there was a 4% decline in AUM from the second quarter of 2023, bringing the total to US$308.3 billion. Janus Henderson chief executive Ali Dibadj said: "Our performance ... |
| | | | Global private capital advisory group Campbell Lutyens has hired former QIC infrastructure specialist Peter Siapikoudis as a managing director in its newly opened Melbourne office. Siapikoudis' association with Campbell Lutyens dates back to 2018 ... |
| | | | ... the investment in new systems will be completed by end of November and will result in significant cost reductions in the second half of FY24," a statement said. Simultaneously, the company revealed its engagement with external providers specialising ... |
| | | | ... part of the firm's overall effort to tap into Australia's wealth and wholesale market. Interestingly, Price is the second executive to leave in as many months. In August, Murray Brewer suddenly left after just three months as head of PGIM's ... |
| | | | ... clarified had ASIC communicated their concerns rather than resorting to litigation at the first opportunity." It marks the second loss for ASIC in as many days, having earlier this week lost its case against Diversa. |
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