Rival fund managers are perplexed by the scale of the debt left by NWQ Capital Management, expressing surprise at the almost $20 million owed, including to four prominent Perth business figures.
Western Australia-focused corporate firm Euroz Hartleys has announced an improved net profit after tax, due to an uptake in equity capital market activities.
Investors in a product run by collapsed fund manager NWQ Capital Management are owed almost $1.6 million, after being given a guarantee of capital return following shocking losses.
The number of Australian companies hitting the wall is expected to exceed 10,000 by the end of the financial year, underpinned by the collapse of construction firms.
The former chief financial officer at Nicola and Andrew Forrest’s private company has launched a new business offering family office services to high-net-worth women and their families.
The Commissioner of Taxation has warned small businesses to keep on top of their tax obligations as it cracks down on $50 billion worth of unpaid debts across the board.
Accounting firm Deloitte Australia has made a “small number of redundancies” across its national practice in response to challenging market and economic conditions.
Financial services provider Pioneer Credit will raise $10 million in a bid to further its growth opportunities throughout the remainder of the 2024 financial year.
A looming generational wealth transfer in regional Western Australia has prompted one of the state’s private wealth firms to expand its remit beyond the big smoke.
The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent following its second board meeting of the year, its third consecutive pause in the current cycle.
Perth-founded Automic Group has become the top share registry provider in Australia after transferring the data from Advanced Share Registry, a business it acquired for $32 million.
Bankwest will close all branches and undertake a major redeployment of staff to ensure the 129-year-old bank can remain competitive in the digital age.
The nation’s economy grew 0.2 per cent in the December quarter but the country's annual GDP rose at the slowest rate since the pandemic, according to recent ABS data.
The Workforce Gender Equality Agency has published gender pay gap data on more than 400 WA private sector companies, shedding a light on remuneration disparities.
Federal Treasurer Jim Chalmers will take his time to consider ANZ's acquisition of Suncorp Bank, after a tribunal overruled the consumer watchdog's refusal of the $4.9 billion sale.
Perth’s Euroz Hartleys has partnered with wealth management platform provider Mason Stevens in a bid to bolster its wealth management and investment services.
Inflation continues to fall with the Australian Bureau of Statistics recording a 4.1 per cent rate nationally and 3.6 per cent in Perth for the past year.
WA firm Euroz Hartleys has reported a modest profit off the back of two years of subdued markets but has capitalised on major block trade activity within the lithium sector.
The Federal Court has appointed receivers to Brite Advisors as the investigation into the $1 billion client funds managed by the advisory group continues.
The Reserve Bank of Australia has held the country’s official cash rate at 4.35 per cent, offering a slight relief to mortgage holders 20 days before Christmas.
