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Showing 1 - 10 of 4874 results for "July 2011"

Macquarie Bank fined $14m for savings rate blunder

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2026
Macquarie Bank has been slapped with a $14 million penalty for promoting misleading interest rates on a savings account that confused customers on how much interest they would earn. Macquarie admitted to breaching the law in a case brought by ASIC in ...

Private credit bodies issue investor protection guidelines

VINNY VUCAGO  |  TUESDAY, 10 NOV 2026
Australia's private credit industry has introduced new voluntary guidance aimed at strengthening lending practices, improving transparency and addressing regulatory concerns around investor protections. The Alternative Investment Management Association ...

Many advised Aussies feel financially worse off: Report

MATTHEW WAI  |  FRIDAY, 6 NOV 2026
A new report reflects that despite being advised, almost four in 10 Australians (37%) found themselves in a worse financial position than a year before. According to Investment Trends' 2026 Financial Advice Consumer Report, which surveyed some 6571 ...

MUFG expands InvestStream partnership with minority stake

RIDDHIMA TALWANI  |  THURSDAY, 5 NOV 2026
MUFG Retirement Solutions has expanded its partnership with InvestStream by acquiring a minority interest in technology provider. Both first partnered in July this year, aiming to help superannuation funds expand members' access to personalised digital ...

Sequoia profits tank as advisers flee

ELIZA BAVIN  |  WEDNESDAY, 4 NOV 2026
Sequoia Financial has reported a poor performance for the first quarter with revenue down 58.3% to $12.9 million and a net profit loss of $500,000. "The fall in net profit mainly reflected fewer authorised representatives operating under InterPrac's ...

Evidentia ex-chief executive quits chair role amid restructure

RIDDHIMA TALWANI  |  TUESDAY, 3 NOV 2026
Evidentia chair and former chief executive Michael Wright will step down, following several senior roles were cut at the managed accounts provider under his successor, Louise Watson, who took the helm in September. Wright was chief executive of investment ...

ASIC reviews adviser register again

MATTHEW WAI  |  MONDAY, 2 NOV 2026
The regulator has commenced another review of the Financial Advisers Register (FAR) to check if relevant providers have met the qualifications standard. Since 1 January 2026, all personnel providing personal advice to retail clients on relevant financial ...

ASIC takes action on Falcon Capital directors

KARREN VERGARA  |  MONDAY, 2 NOV 2026
ASIC is suing the directors of Falcon Capital, the responsible entity for the failed First Guardian Master Fund, alleging "serious and widespread failures" in their oversight. ASIC commenced civil penalty proceedings in the Federal Court against Falcon ...

Vale Mark Johnson

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2026
Mark Johnson, a founding leader of Macquarie Group, has passed away. Johnson joined Macquarie's predecessor Hill Samuel Australia in 1971, which at the time provided merchant banking and corporate advisory services to the mining and industrial sectors. ...

Magellan sheds name, enters new focus as Barrenjoey

KARREN VERGARA  |  FRIDAY, 23 OCT 2026
Magellan Financial Group will retire its name and rebrand to Barrenjoey Capital Partners, as the newly combined group heightens its focus on investment banking, institutional sales, trading and execution services. Shareholders at the annual general ...
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