Financial services
The star adviser behind Viola Private Wealth may have his critics, but that comes with the territory. He says one factor has been the “absolute key” to his success.
Investment bond providers like Generation Development Group and Australian Unity expect to benefit if the government slashes the CGT discount.
The junior Macquarie looks destined for the index but the market remains divided on whether it will spur copycats or a correction.
The upstart investment bank and asset manager both want to retain their top talent and both want to expand into private markets. A merger may help.
Police are working with CBA this week as AUSTRAC examines suspected loan fraud and laundering, in a warning shot for bank controls across the sector.
Australia’s biggest bank self-reported loans it suspected were fraudulent to the police. Now the feared financial crimes regulator is on the case.
Australian private credit funds say they can sidestep the downturn hitting the sector in the US because they lack exposure to software companies being hit by AI.
Revenue at the GP-staking business is soaring, but its CEO is busy reassuring the market that jitters over its largest shareholder, New York private credit giant Blue Owl, are irrelevant.
Bendigo and Adelaide Bank is repairing compliance failures and investing $80 million in risk systems, as its digital arm turns profitable and competition intensifies.
The seismic shift in domestic funding holds significant consequences for Australia as superannuation swells beyond $4.5 trillion.
Shares in the alternative asset manager fell by around 10% in response to its “pretty solid” full-year results, with the downward move puzzling its co-CEO.
