October 2018
Marketlend calls for fintech clean-up, end to predatory practices
Unscrupulous lending practices by local fintechs must be weeded out and the industry more closely scrutinised by regulators, according to Leo Tyndall.
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Cross-border payments set for 'unprecedented change'
The global cross-border payments industry is seeing levels of "unprecedented change", including in regulation, where experts said Australia lagged.
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Pinnacle-backed Firetrail shelves listed investment company
Boutique fund manager Firetrail is understood to have pulled its offer for a listed investment company, due to concerns about a concentrated shareholder base and limited liquidity
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Talent International secures Quintet Partners' investment, Thérèse Rein advice
Talent International has turned to investment firm Quintet Partners to help spearhead ambitious growth plans, with the aim of doubling revenue to $1 billion in five years.
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Sandon Capital stalks Monash Absolute Investment as LIC sector heats up
A meeting between Paul Clitheroe-chaired Monash Absolute Investment Company and suitor Sandon Capital is set to take place as early as Monday.
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Afterpay, Zip await ASIC critique of buy now pay later
An in-depth investigation into the often controversial buy now pay later industry will be made public in December.
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Commonwealth Bank plots $1b hybrid issue as banks assess law changes
CBA is understood to be putting the finishing touches on its latest $1 billion hybrid issue, as banks assess how mooted change will impact retail investors accessing future hybrids.
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M&A activity soars as bidders pull out all the stops to win
M&A predators are being increasingly tactical in takeovers, utilising blocking stakes, reverse break fees, and making so-called bear hug approaches.
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Bank bonuses in firing line as CEOs ready for committee grilling
As the CEOs of the big four prepare for their first public grillings, the major banks are being warned they must learn from the "reality check" of the Hayne royal commission and change their bonus-led cultures.
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Traders, data, machine learning will boost returns: Liquidnet
Fund managers are leaving returns on the table by not involving their traders in key investment decisions and seeking to harness more data sources, artificial intelligence and machine learning.
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PEXA threatens legal action over NSW Registrar demands
The chief executive of float-hopeful PEXA, Marcus Price, has threatened legal action over demands from the NSW regulator.
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CBA's CommSec retention decision paying off with profit
Commonwealth Bank of Australia's retention of the nation's largest online broker, CommSec, is paying off as the group shrugged off impairments to post a solid lift in annual profit.
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Green light for new Aussie gateway to US stocks, Apple Inc
Australian investors hungry for global stocks will have local trading access to tech giant Apple, and as many as 30 US names by mid 2019, as Chi-X Australia pushes the green light on a project.
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ANZ Bank's Rick Moscati gets back to work as cartel action heats up
Former ANZ Banking Group treasurer Rick Moscati prepares to return to the lender in a new role, as the ACCC squares up against ANZ, Deutsche Bank and Citigroup in a criminal cartel action.
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Eley Griffiths points to market euphoria over correction
Small and mid cap fund manager Ben Griffiths has an unequivocal view that sharemarkets are at start of a euphoric stage, offering plenty of upside.
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Fahour says Latitude will gain from banks' retreat
A surprise change at the helm of consumer finance group Latitude Financial Services will see Ahmed Fahour take over as chief executive and a planned ASX listing postponed again.
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September 2018
Banking royal commission interim report: Mortgage brokers in damage control
The MFAA says any call by the Hayne inquiry to eliminate broker commissions will have "unintended consequences" by reducing competition for home loans.
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Macquarie Group CEOs to be interviewed in German probe
Macquarie Group chief executive Nicholas Moore and successor Shemara Wikramanayake are being labelled "persons of interest or suspects" in a controversial dividend trading case being investigated by German authorities.
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Banking royal commission interim report: End to trailing commissions for mortgage brokers
Upfront and trailing commissions paid to mortgage brokers by lenders are making the home loan market more risky, the royal commission said in its interim report.
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National Australia Bank's job axe swings at private bank
National Australia Bank's latest round of job culling is said to have claimed as many as 50 positions across its private bank, as the lender transitions to a new operating model for wealthy customers.
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