Holmes à Court-backed super group to slash workforce
Future Group, the parent company of progressive superannuation funds like Future Super and Verve, is laying off 1 in 4 employees in a cost-cutting effort following a string of acquisitions.
Paulina Duran
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Insignia upgrades outlook amid transformation
CEO Renato Mota farewells investors in the wealth manager with a better than expected interim result after a 5-year long – and counting – turnaround.
‘Mr Bean’ gaffe highlights approach to rural banks
Westpac addressed ‘Mr Bean’ in an email notifying the SA council of Kingston their last bank branch would close. No one resembling Rowan Atkinson lives there.
Competition regulator defends its track record
The ACCC has defended its track record in merger approvals and says the Australian Competition Tribunal ruling on ANZ’s $4.9bn Suncorp Bank buyout reinforces its case for merger reform.
Historic ANZ takeover of Suncorp bank gets green light
The landmark decision grants ANZ the green light to acquire Suncorp’s regional banking arm for $4.9bn and has the potential to reshape the banking sector landscape.
Westpac upgrades outlook, sees resilient economy
Westpac management upgraded their working forecasts for unemployment as well as residential and commercial property prices this year, citing a cooling but resilient economy.
O’Kane in Mercuria talks after forgoing Macquarie millions
Nicholas O’Kane, the $1m a week star executive who recently resigned from Macquarie, is in talks to join Swiss commodities trading firm Mercuria.
Funds giant warns on private credit boom
Private credit, the huge direct lending market replacing bank loans and other types of risky debt, is growing riskier, says a T. Rowe Price fund manager.
Profits hold up despite economic bumps
Australian investors are shrugging off misses announced in corporate profit results and are instead concentrating on the prospect of interest rate cuts, experts say.
Rest Super sued over junk IP insurance
For over a decade Rest Super wrongfully charged for useless income protection insurance, a class-action lawsuit on behalf of up to 500,000 members claims.
Original URL: https://www.theaustralian.com.au/author/paulina-duran/page/6