Finance and markets

The financial advice industry was decimated following the Royal Commission but now Bain, KKR, CC Capital, Oaktree and TA Associates are hoovering up what banks thought were too difficult to manage.

Fresh from a surprise Nasdaq IPO, Sharon AI is pressing ahead with plans for a rapid ASX listing while ramping up AI compute capacity in Melbourne.

Titanium mining and alloy business IperionX’s shares have tanked more than 40% since the release of its half-year accounts on Thursday.

What first looked like a Commonwealth Bank problem is shaping up as a broader fraud risk tied to broker and referrer channels across the majors.

In an interview with Capital Brief, the one-time Milkrun boss said Koala’s second, smaller attempt at an ASX float was a ‘pragmatic’ decision amid unruly market turbulence.

Fund managers say Macquarie’s reinstatement process was lengthy, with advisers and clients playing a decisive role in pushing for choice.

The company told Capital Brief that it is building a team stateside to win hyperscaler clients and ‘lead Australia’s token export market’.