The Commonwealth Bank of Australia has raised the bar on education qualifications for financial planners across its wealth management business as it attempts to move on from the shoddy financial advice scandal.
The share market has finished firmer for the seventh consecutive session, adding more than 1 per cent after the European Central Bank indicated it could buy corporate bonds.
The Australian share market has opened one per cent higher after Wall Street rallied on talk of broader monetary stimulus in Europe and good home sales figures.
US stocks have barrelled higher, propelled by talk of broader monetary stimulus in Europe and a strong Apple earnings report that helped lift the Nasdaq by more than 100 points.
The number of backdoor listings or reverse takeovers in Western Australia is likely to rise after a change in ASX policy has simplified the process for emerging companies to access capital via existing entities.
Wall Street has finished little changed after another rocky trading session, as the market weighed better US economic data against its fears over sluggish global growth.
US stocks have finished a turbulent day in the red, rallying somewhat from a huge midday drop spurred by worries over global economic weakness and the Ebola epidemic.