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General

APRA introduces licence fees for new ADIs

The Australian Prudential Regulation Authority (APRA) has introduced licence fees of up to $68,200 for new authorised deposit-taking institutions...

ASIC absolves Platinum over misleading Herald advertisement

The Australian Securities and Investment Commission (ASIC) today said it was satisfied that Platinum Asset Management was not responsible for an advertisement that appeared in The Sydney Morning Herald on May 28...

van Eyk appoints Suzanne Tavill to bolster asset consultancy

van Eyk Research has announced the appointment of analyst Suzanne Tavill to bolster its manager research and asset consulting capabilities...

RBA leaves interest rates at 4.75 per cent

Market speculation of an interest rate cut due to the strengthening Australian dollar has been cut short by the Reserve Bank of Australia’s (RBA) decision to leave official cash rates unchanged at 4.75 per cent...

Morning market wrap: Nasdaq bounces back

The Nasdaq bounced back over the 1,600-point mark after losing ground on Monday, finishing at its highest point since May 31 2002...

Challenger to close New Zealand retail operations

Challenger International has decided to close its New Zealand retail operations...

OFM raises $6.2 million for property and mortgage development

OFM Investment Group (OFM) has completed the first part of its capital management plans, it announced today, raising $6.20 million...

Afternoon market wrap: All Ordinaries edge higher

The All Ordinaries edged slightly higher this afternoon as the banking sector returned positive figures in trading across the board...

Footscray accounting assistant convicted: ASIC

Footscray accounting assistant Hoang Mo Ngo was today convicted in relation to 22 charges laid by the Australian Securities and Investments Commission...

Promina rebrands Royal & SunAlliance as Asteron

The Promina Group today announced that Royal & SunAlliance Financial Services will be rebranded as Asteron from July 1...