Financial Services

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.

ASX Limited has been fined more than $1 million after the corporate watchdog found the market operator breached a transparency rule 8,417 times.

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.

The Australian Securities and Investments Commission has permanently banned Yanchep-based financial adviser Mark Sebo after he was convicted of fraud.

WA fintech WeMoney has been selected to join Mastercard’s engagement program, an opportunity the startup hopes it can use to scale its operations.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent, in its first meeting of the new year.

Perth’s Euroz Hartleys has partnered with wealth management platform provider Mason Stevens in a bid to bolster its wealth management and investment services.

Another two Bankwest Perth locations are set to close as the bank grapples with the decline in branch use due to surging digital transactions.

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 issue of cyber security has overtaken skills shortage as the number one business concern of hundreds of senior executives in a KPMG survey.

The Federal Court has appointed receivers to Brite Advisors as the investigation into the $1 billion client funds managed by the advisory group continues.

PwC spin-out is pursuing opportunities well beyond its core government sector market.

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.

Australian banking customers will be better protected from scammers under a suite of changes introduced by the industry.

New business investment beat Treasury's budget forecasts though is expected to simmer down as the economy slows.

Fortescue Metals Group will establish a New York-based capital office, Fortescue Capital, in a move designed to attract broader outside funding to its green energy projects.

Wages grew 1.3 per cent in the September quarter, the biggest quarterly jump in the 26-year history of the official wage price index survey.

Australia's biggest bank says there was just a modest increase in late payments in the September quarter, despite the impact of higher interest rates.

Interest rates are about to hit the ceiling in the current cycle, which is good news for mortgage holders and savers.

A land developer has sued Osborne Park firm Armada Accountants and its directors over alleged breach of confidential information and fiduciary duties.

Big four accounting firm EY has cut five jobs from its Perth office as it sheds 232 employees, becoming the latest firm to announce redundancies due to weak demand.

Westpac has ended its relationship with external auditor PwC as the under-fire firm continues to face setbacks after a leaking scandal.

The Reserve Bank of Australia has delivered a Melbourne Cup Day blow to mortgage holders, increasing the nation’s cash rate by 25-basis points to 4.35 per cent.

Westpac made $7.2 billion in net profit after tax for 2022/23, up 26 per cent from the year before.

The Australian Prudential Regulation Authority has found "significant weaknesses" in RAC’s governance and added $20 million to the insurance company’s capital requirement.

Perth-based Pioneer Credit claims it lost more than $30 million because of PwC’s breach of duty and misleading conduct, in a court action against the accounting firm.