The state government’s superannuation board is outsourcing some of its services to Melbourne-based Frontier Advisors, having awarded the firm a $12.2 million contract.
Perth-based digital bank BNK is selling its mortgage aggregator business to MA Financial Group for $151.6 million in cash, three months after starting a strategic review.
Shares in Perth-based debt recovery business Pioneer Credit received a boost on the news its customer performing arrangements had surpassed $400 million.
Two Perth business people from very different backgrounds – fast food and corporate communications – have teamed up to establish a joint family office and private equity venture.
WA mortgage broker Australian Finance Group is set to pay up to $70 million for asset finance aggregator Fintelligence, adding another 285 brokers and $1.1 billion in projected settlements to its books.
National Australia Bank has posted a nearly 80 per cent rise in full-year earnings thanks to gains in the home loans market and a steady performance at its business banking unit.
ANZ has posted a sharp lift in full-year profit despite underperformance in its home loans business, thanks to a robust lending market and reversal of some COVID-related provisions.
Colonial First State has been ordered to pay a substantial penalty by the Federal Court after misleading nearly 13,000 of its members about their superannuation.
Journalist Matt Mckenzie talks to Cash Converters managing director Sam Budiselik about the company's financial year results, the subprime loan market, and use of machine learning.
Australia's big four banks have been quick to jump on board an expanded federal loan scheme to help steer small businesses through the spate of coronavirus lockdowns.
Financial services giant AMP has posted a 28 per cent drop in first-half net profit after weaker performances at its main wealth management and AMP Capital businesses.
Commonwealth Bank has announced a $6 billion share buyback and lifted dividends after improving economic conditions helped it post a robust rise in full-year profit.
The Supreme Court has granted a freezing order over a property linked to former PMM Group chief executive Gui De Castro to support a legal claim over his alleged failure to transfer $550,000 in shares.
Labor and unions have renewed demands for JobKeeper to be reinstated but Josh Frydenberg is standing firm, saying current support measures are sufficient.
Stockbroking and corporate finance firm Argonaut is expanding its operations after striking a deal to merge with Liam Twigger’s specialist advisory business PCF Capital Group.