Mergers impending for listed fund managers
Listed fund management businesses face significant decisions about consolidation in the year ahead, say bankers and analysts.
Listed fund management businesses face significant decisions about consolidation in the year ahead, say bankers and analysts.
The extension of the ban on payday loans carrying sky-high interest will prevent outlets returning to charging more than 400 per cent for 90-day loans.
CBA is quietly slashing mortgage rates in its own channels and undercutting the other three major banks as it moves to defend its dominant but shrinking market share.
Australian shares are forecast to rise for a second consecutive year in 2024, although the recent epic bull run has left the market vulnerable to an early correction.
Equities markets finished 2023 with a surprising bang but the new year holds potential risks from prolonged inflation, corporate earnings and pivotal elections.
Investment returns improved sharply in 2023 thanks to a boom in artificial intelligence stocks, rapidly cooling inflation and resilient economic growth in the US and Australia.
As investors bank on aggressive rate cuts next year, the Australian sharemarket ended the year 7.8 per cent higher after the best December rally in three decades.
Commonwealth Bank shares hit a record on Thursday and are on track to gain 11 per cent this year, as markets rallied on bets of interest rate cuts by central banks next year.
The new year is expected to herald the start of a widescale reshuffle at the top level throughout Australia’s major banks.
Unlocking housing growth is the golden key to Australia’s economic future, banking bosses declare in The Australian’s 2024 CEO Survey.
Original URL: https://www.theaustralian.com.au/author/paulina-duran/page/10