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General

ASIC moves to prevent repetition of Groundhog scheme

The Supreme Court of Queensland today ordered Ian Hall and David McEvoy of PricewaterhouseCoopers to liquidate two companies and an unregistered managed investment scheme that took approximately $3.5 million from 161 Australian investors in a scheme ...

Bendigo Bank in credit card tie-up with MasterCard

The Bendigo Bank today launched a new Bendigo Red MasterCard credit card in conjunction with MasterCard International.

Commonwealth Property Office Fund reports $64.8 million profit

The Commonwealth Property Office Fund returned a profit of $64.8 million in the half-year period to December 31, it reported today.

CBA hoping to have Custodial Services buyer in place by May

The Commonwealth Bank of Australia (CBA) is aiming to have a buyer in place for its Custodial Services business by May, it said today.

Fiducian reports decreased net inflows, $109,000 half-year loss

Fiducian Portfolio Services today announced a half-year loss of $109,000, compared to a profit of $572,000 in the corresponding 2001 period, attributing the loss to a $651,000 goodwill writedown related to the purchase of its financial planning subsidiary ...

Midday market wrap: Banks lead All Ordinaries higher

Australian shares tracked their US counterparts higher in the morning session, with investors particularly keen to offer support to leading banks.

Morning market wrap: Wall Street regains lost ground

US shares rose overnight as the index regained some of Wednesday’s losses.

Navigator launches wealth protection insurance services

Navigator Australia today announced it had added a comprehensive range of wealth protection (life insurance) products to its state-of-the-art administration platform. This initiative is in response to demand from independent financial advisers.

Wealth management slowdown dents Suncorp's half-year profit

A sharp slowdown of inflows into its wealth management division has put a cap on Suncorp-Metway’s half-year profits, it announced today.

Costello "sympathetic" to tighter payout regulations

Federal Treasurer Peter Costello today indicated that he was prepared tighten regulations governing corporate payouts as public opinion firmed against the latest in a series of controversial termination packages to Australian executives.