Market mayhem ends the ASX’s era of effortless momentum
bestnews Market mayhem ends the ASX’s era of effortless momentum
Financial Services
Heading towards real-time payment advantages
That was the precursor to prescient shifts toward real-time payments at Service NSW where, behind the scenes, Westpac has been supporting moves to real-time readiness so faster payments can be…
Is the PE shootout for Insignia under threat? Markets think so
The ASX market meltdown sparked by Trump’s new tariff regime is sure to have its fair share of casualties on the M&A circuit. Will the first be Insignia Financial, which…
Super funds urge members not to panic after rout takes losses to $170b
Major superannuation funds are urging their members not to panic after the sharemarket recorded its largest one-day loss in five years, cautioning them against switching their retirement savings into conservative…
AustralianSuper to refund hacking victims as Cbus admits to breach
AustralianSuper has vowed to refund members who had $500,000 stolen from their accounts in a cyberattack, with the Wayne Swan-chaired Cbus becoming the latest fund to say it has been…
Mayhem Monday ends the ASX’s era of effortless momentum
Mayhem Monday ends the ASX’s era of effortless momentum
CBA and Westpac mull removing numbers from their credit cards
Commonwealth Bank and Westpac are considering removing the 16-digit numbers from their credit and debit cards, a move Mastercard argues will reduce fraud by preventing criminal hackers from stealing card…
Hospitals ‘staring into the abyss’, says Chris Blake, chief executive of St Vincent’s Health Australia
It’s tempting to say private health insurers should give another $1 billion a year to private hospital operators from Healthscope and a whole range of other marginal operators – and…
Barrenjoey board reshuffle sees Barclays’ oversight widen to APAC
Barclays is switching up its oversight of Barrenjoey in a move that will see its Asia Pacific office deepen its relationship with the investment banking powerhouse. The UK bank’s board…
Mayhem Monday on the ASX as investors stand back and let the Trump Dump rip
It is baby out with the bathwater on the ASX. Donald Trump’s tariffs have investors downgrading growth forecasts, central banks are hesitant to step in, and equities are getting dumped.…