Commonwealth Bank of Australia, the world’s least popular megabank among analysts, has lost its last remaining bull.
AMP says it will return $1.1 billion to shareholders following the sale of the business formerly known as AMP Capital to several parties.
The corporate regulator’s review of super fund member complaints found ‘significant’ shortcomings around inadequate reporting and lengthy delays by some trustees.
The corporate regulator says the Mt Hawthorn businessman has been charged with 50 offences alleging he defrauded investors of $36.5 million.
Willy Packer’s Investigator pooled investment fund was one of Australia’s biggest investors in Russian shares, but it hasn’t been able to trade the stocks since the invasion.
Shares around the world have been hammered this week by fears that sharp interest rate rises being rolled out to combat inflation could push the world into economic recession.
May labour data shows the Australian jobs market remains tight, putting more pressure on inflation.
Australian investors are now worried that rampant inflation will spark more aggressive rate rises.
Investors fear that quicker and bigger interest rate rises in the US will push the world’s biggest economy into recession.
WA’s biggest stockbroker and corporate adviser says that with six weeks of the year to go, the total value of its raisings was off 40 per cent
The pawn chain and short-term lender is seeing stronger demand for its high fee loans as spending on travel and entertainment picks up.
Inflation, higher lending costs and volatile equity markets are making it trickier for buyers to get deals done, but the appetite for WA acquisitions is undiminished.
The debt collector has its eyes on a new portfolio of consumer debt worth $85m.
West Coast recorded a hundred-fold increase in profit last year as WA’s border restrictions enabled the AFL’s biggest club to host most of its home games in front of crowds.
The spike in used car prices during the pandemic has forced Cash Converters to rein in lending by its fledgling auto arm.
WA’s biggest corporate advisory firm has appointed three new partners, including two in Perth.
The listed stockbroker says deal-making dropped from the previous year’s bumper levels, but there’s still plenty in the offing.
The lead liquidator of Chris Marco’s $260 million unregistered investment venture has for the first time declared it bore the hallmarks of a Ponzi scheme.
The four advisers, who are joining Canaccord Genuity, say they looked at the information in the normal course of business and did not breach their employment contracts.
The corporate regulator alleges the Queensland share trader has been promoting stocks through social media without a financial services licence.
The four Euroz Hartleys advisers are alleged to have downloaded client data to help them in their new jobs at a rival broker.
WA's biggest stockbroker alleges four brokers who quit to join rival Canaccord Genuity took client data.
More than 100 mainly elderly Australians lost their homes and savings when the rent-for-life scheme went under in 2019.
More than 100 mainly pensioners lost their life savings in the 2019 collapse of the rent-for-life scheme
© West Australian Newspapers Limited 2022