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.
Melbourne-based Partners Wealth Group has expanded its Western Australian presence by acquiring a 50 per cent interest in Mandurah-based Merideon Wealth Strategies for an undisclosed amount.
Commonwealth Bank of Australia boss Ian Narev says says he is not worried by critics who "take pot shots" at the bank over its financial planning scandal.
The Australian share market has closed higher after disappointing Chinese inflation data fueled expectations more monetary easing was yet to come in the world's second largest economy.
