Financial Services

Liquidators assigned to property held by Chris Marco are able to distribute millions of dollars from the alleged Ponzi scheme to affected investors.

As many as 300 Western Australians could fall behind on mortgage payments for each 25 basis point rise in interest rates. Click through for Perth’s mortgage map.

Former Perth financial adviser John Wertheimer has been sentenced to 18 months in prison for making 48 unauthorised client transactions.

Financial services company Euroz Hartleys has recorded a sharp drop in profits to just $3.1 million for the six months to December 2022.

Australian business leaders have increased their investments in sustainability ahead of potential tighter climate change targets, a Deloitte report reveals.

Australian consumers have continued to favour Woolworths after the retail giant was reported as the nation’s most valued brand at $16.2 billion.

A national study shows 41 per cent of Western Australian employers are planning to expand permanent staff numbers in an "ambitious" hiring this year.

Lending for new homes fell for the 10th consecutive month with a 3.7 per cent drop in November, while refinancing hit a record high.

The state government is looking to partner or support venture capital firms to boost funding opportunities for start-up companies and scale-ups within businesses.

The Reserve Bank needs to take on board the lessons learnt from its poorly communicated forward guidance, a parliamentary committee has found.

A former Perth financial adviser has been sentenced to three years in prison over allegations that he took out $35,000 from his First Nations clients’ superannuation funds.

Chamber of Commerce and Industry WA vice-president Nicki Ivory will step up to lead the board, replacing outgoing president Nicolle Jenkins.

National Australia Bank has delivered an 8.3 per cent lift in annual earnings after a strong year and says it's well positioned for fiscal 2023.

Perth dealmaker Michael Ashforth is making a return to investment banking, seven years after he retired from Macquarie Capital to work for ‘rich lister’ Angela Bennett.

Stockbroking and investment group Argonaut will launch its third fund next week, focusing on the hard-hit gold sector as a counter cyclical play.

Michele Dolin has died in her prime, with the Perth-based company director still serving on three boards when she passed earlier this month.

For Steve Tucker and his business partner Paul Heath the Western Australian market they bought into probably looks a world away from the Perth scene they left in the early 1990s to make their way to the very top of the financial services ladder.

The Commonwealth Bank subsidiary plans to close its 14 east coast branches and reduce opening hours at 29 regional branches in Western Australia.

A former financial adviser has pleaded guilty to dishonest conduct charges after the corporate watchdog alleged he made dozens of unauthorised transactions on behalf of clients.

RAC has reported a sharp fall in its annual profit after strong growth in its core operations was offset by investment writedowns and an unexpected spike in insurance claims.

Euroz Hartleys Group shareholders will receive a special dividend and return of capital amounting to $80 million from the sale of its fund management business which settled earlier this year.

The Perth-based owner of HotCopper has struck an $87 million deal to acquire classifieds brands Gumtree Australia, Autotrader and Carsguide as part of a plan to expand the media business.

Perth investment bank and stockbroker Argonaut has disclosed a big lift in annual profit to $16.7 million following its merger with advisory firm PCF Capital Group.

UUV Aquabotix will go ahead with a reverse takeover of emerging consumer fintech One Click Life after a successful fund raising effort that resulted in the maximum $5.5 million being accepted after oversubscriptions.

WA businesses plan to lift their salary budgets by 24 per cent to compete for talent and respond to inflation, according to a survey by professional services recruiter Robert Half.

A $250 million venture capital initiative launched by the Forrest family seeks to leverage the millions of dollars of health-related R&D funding by governments and bridge the commercialisation 'valley of death' faced by many startups.

The volatility of the stock market towards the end of the financial year has been further illustrated by results reported well after the June 30 cut-off date by specialist funds operating from Western Australia.

Australia's biggest lender has lifted its annual profit by 11 per cent and declared a final dividend of $2.10 a share.

The lead auditor of failed ASX-listed video marketing company Big Un has been convicted over a report about its financial health less than a year before its collapse.

The big-four lender has agreed to pay $4.9 billion for the banking operation as it seeks to shore up its Queensland business.

Global foreign exchange and trade finance company Ebury has expanded into Western Australia after recruiting a team from competitor AFEX.

One of Western Australia’s biggest fund managers, Packer & Co, has spelled out the impact of Russian sanctions as it revealed a negative 1.2 per cent annual performance which still beat its benchmark markets.