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General

Wall Street titans face $2.25 billion in fines

Ten of the biggest names on Wall Street have been hit with fines totalling US$1.3875 billion (A$2.25 billion) under the finalised terms of a settlement agreed in principle and announced by regulators in December 2002...

ABN Amro records first quarter profit of $1.23 billion

ABN Amro has announced a first quarter net profit of Eur690 million (A$1.78 billion) as its diversified income streams compensated for the continued weak performance of its Asset Management business...

Cogent appoints Gail Burke to head of Australasian operations

Cogent has appointed Gail Burke to head up its Australasian operations, it has announced. Burke is leaving Macquarie Bank after 20 years to take up the new role in May...

OECD predicts gradual resumption of economic growth

The 30-member Organisation for Economic Cooperation and Development (OECD) said that while the global economic outlook is for a gradual resumption of growth...

Deakin expansion continues into Queensland

Deakin Financial Services has continued its expansion with the opening of a sales and administration office in Queensland...

Morning market wrap: Asian economies under pressure

East Asian economies are under pressure following North Korea’s alleged admission of having a nuclear bomb. Stocks in South Korea and Japan fell by 3.5 per cent and 2% respectively...

Afternoon market wrap: Shares steady in afternoon session

The All Ordinaries index lost 27 points over the course of the day to finish at 2934.70 but the afternoon session saw the market steady after weaker morning trade...

Former Queensland financial adviser jailed

Daryl McGuire, a 41 year old former financial adviser of Cleveland, Queensland was today sentenced in the Brisbane District Court to three years imprisonment...

ASIC bans Melbourne adviser for four years

The Australian Securities and Investments Commission (ASIC) has announced that it has banned Christopher Martin from acting as a representative of a dealer...

Overseas visitor arrivals decline 1.7% in March 2003

The number of overseas visitors to Australia during the month of March 2003 was 398,600 reflecting a decrease of 1.7 per cent over the figures for February 2003...