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| | | Investec will offload its Australian professional banking division to Bank of Queensland for $440 million. The jettisoned professional finance division includes Investec's deposits business, and its asset finance and leasing businesses in Australia. ... |
| | | | At a glance, Australia's homogenous 'banks-and-resources' share market does not look like the most promising alpha hunting ground. But according to some of Australia's leading boutique fund managers, appearances can be deceiving. James Fernyhough reports. ... |
| | | | ... while no one could argue against the "new techs" rich valuation, that of the broader S&P 500 index is not.A According to the Bank Credit Analyst, it's trading at 15.6 times calendar 2014 earnings.A This compares with a long-term average of 16.3 times. ... |
| | | | ... economic news on Thursday, the Australian Bureau of Statistics releases February lending finance figures. In equities news, the Bank of Queensland is expected to post first half results. In Australia, the market on Thursday was driven higher by financial ... |
| | | | ... said the gain from the sale is expected to be invested in a range of specific growth and efficiency initiatives across the bank. ANZ chief executive of global wealth Joyce Phillips confirmed ANZ would retain its philanthropic advice, estate planning ... |
| | | | ... 1200 AEST among the major banks, ANZ had added 24 cents to $34.10, Westpac had found 28 cents at $34.98, National Australia Bank had climbed 24.5 cents to $35.645, and Commonwealth Bank had jumped 30 cents to $77.79. In the resources sector, global miner ... |
| | | | ... inquiry into the performance of the Australian Securities and Investments Commission (ASIC) has heard that the Commonwealth Bank (CBA) promoted financial planner Don Nguyen, despite allegations of fraud. Speaking at the inquiry Commonwealth Bank (CBA) ... |
| | | | ... altogether, meaning employers will be free to choose any MySuper product as their default fund. Both Westpac and Commonwealth Bank of Australia have stated that in a post-awards environment, they will use their business bank network to reach potential ... |
| | | | Minute to win it!... or rather the minutes of the Fed's 18-19 March FOMC meeting win it for Wall Street. The S&P 500 and the Dow jumped by 1.1% and yesterday's hated Nasdaq is now loved again, up 1.7%. But this was - more or less - how we saw it when ... |
| | | | ... the June share price index futures contract was up 42 points at 5,506. The Fed minutes, as expected, showed the US central bank anticipates continuing its steady stimulus cutback but that there is no groundswell of powerbrokers who supported a speedy ... |
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