Financial Services

The nation’s investor landscape is increasingly being made up of women and young people while less Australians are investing in residential property, according to the ASX’s latest report.

The national unemployment fell by 0.1 percentage point in May, a shift that could count against mortgage holders hoping for cash rate relief from the Reserve Bank in July.

The unfolding PwC scandal has given change agents ammunition.

Judo Bank's chief risk officer says higher interest rates will create hardship for small and mid-sized businesses in the consumer discretionary space.

Liquidators of Chris Marco’s property are seeking repayment from several people and a company they believe received funds from the unregistered investment scheme.

The Reserve Bank of Australia has lifted the nation’s official cash rate to 4.1 per cent – a 25 basis point jump which takes it above four per cent for the first time since April 2012.

The head of Treasury has told a Senate estimates hearing he cannot comment in detail on action being taken against PwC because it may impact on a police probe.

Treasury has referred recent revelations of a tax leaks scandal currently plaguing PwC Australia to the Australian Federal Police to consider a criminal investigation.

The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.

Chris Marco’s former executive assistant has been accused of helping the businessman operate the alleged scheme that defrauded almost $30 million from investors.

Three stalwarts of broking share the highs, lows and lessons learned from their careers doing business in resources-rich WA.

US company Gallagher has acquired Perth-based Mavco Insurance Group, luring several executives who remained independent after the broking giant bought their previous firm.

The corporate watchdog has shut down a Mosman Park-based corporate advisory firm, which was established by Gavin Argyle, Alec Pismiris, and the late Adam Rankine-Wilson.

Westpac is raising its dividend 15 per cent to 70c per share as CEO Peter King says it has become a "simpler, stronger bank".

Perth broker Argonaut has brought in former Goldman Sachs executive Ben Clifford to helm the firm’s nascent gold fund and a new office in Sydney.

The RBA expects growth to ease by more than earlier predictions as cost of living pressures and higher interest rates weigh on disposable incomes.

Australia's third-largest bank has delivered a strong performance for the six months to March but warned of a difficult six months ahead.

Shares in NAB were sold-off this morning after the bank reported a higher profit but failed to meet market expectations.

The corporate watchdog has succeeded in its bid to wind up Ascent Investment surrounding allegations the company and its director Michael Dunjey owed investors almost $150 million.

An insolvency specialist who previously managed the estate of Lang Hancock will take control of the bankrupt estate of Russell Moran, which include debts of more than $120 million.

Perth-based investment bank Azure Capital has substantially boosted its Sydney office, with former managing partner Adrian Arundell moving east and a new director recruited from Gresham.

The turnaround in the property market, the strong jobs market and an interest rate pause has done little to lighten the load felt by consumers.

Wesfarmers boss Rob Scott has pocketed more than $9 million after selling a portion of his shares in the Western Australian conglomerate, citing tax obligations.

Further rate hikes still loom despite the RBA giving borrowers relief today following 10 consecutive rises, but Australia's banks are "strong" in the face of global headwinds.

Three new local funds proposing to focus on early-stage investment are raising expectations.

A Perth financial services business run by a former AMP adviser has pleaded guilty in court to submitting dishonest client insurance forms.

The corporate watchdog has permanently banned Perth property fundraiser Sean Niven from providing financial services, almost three years after he was convicted for fraud.

Technology entrepreneur Michael Malone has further broadened his board portfolio to five with his recent appointment to health insurer HIF.

Cash Converters has been forced to tighten up its anti-money laundering program and has flagged plans to write-off its entire goodwill.

Western Australia’s unemployment rate has risen one percentage point to 3.6 per cent in January, according to data released today by the Australian Bureau of Statistics.

Business News gauges the impact of rising interest rates in part one of a series revealing the pressures on borrowers and builders.

Stockbroker and investment banker Tony Cunningham is departing CPS Capital, the firm he started more than 21 years ago, to join another boutique firm, Barclay Wells.