Financial Services

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.

Liquidators assigned to property held by Chris Marco are able to distribute millions of dollars from the alleged Ponzi scheme to affected investors.

As many as 300 Western Australians could fall behind on mortgage payments for each 25 basis point rise in interest rates. Click through for Perth’s mortgage map.

Former Perth financial adviser John Wertheimer has been sentenced to 18 months in prison for making 48 unauthorised client transactions.

Financial services company Euroz Hartleys has recorded a sharp drop in profits to just $3.1 million for the six months to December 2022.

Australian business leaders have increased their investments in sustainability ahead of potential tighter climate change targets, a Deloitte report reveals.

Australian consumers have continued to favour Woolworths after the retail giant was reported as the nation’s most valued brand at $16.2 billion.

A national study shows 41 per cent of Western Australian employers are planning to expand permanent staff numbers in an "ambitious" hiring this year.

Lending for new homes fell for the 10th consecutive month with a 3.7 per cent drop in November, while refinancing hit a record high.

The state government is looking to partner or support venture capital firms to boost funding opportunities for start-up companies and scale-ups within businesses.

The Reserve Bank needs to take on board the lessons learnt from its poorly communicated forward guidance, a parliamentary committee has found.

A former Perth financial adviser has been sentenced to three years in prison over allegations that he took out $35,000 from his First Nations clients’ superannuation funds.

Chamber of Commerce and Industry WA vice-president Nicki Ivory will step up to lead the board, replacing outgoing president Nicolle Jenkins.

National Australia Bank has delivered an 8.3 per cent lift in annual earnings after a strong year and says it's well positioned for fiscal 2023.

Perth dealmaker Michael Ashforth is making a return to investment banking, seven years after he retired from Macquarie Capital to work for ‘rich lister’ Angela Bennett.

Stockbroking and investment group Argonaut will launch its third fund next week, focusing on the hard-hit gold sector as a counter cyclical play.

Michele Dolin has died in her prime, with the Perth-based company director still serving on three boards when she passed earlier this month.

For Steve Tucker and his business partner Paul Heath the Western Australian market they bought into probably looks a world away from the Perth scene they left in the early 1990s to make their way to the very top of the financial services ladder.

The Commonwealth Bank subsidiary plans to close its 14 east coast branches and reduce opening hours at 29 regional branches in Western Australia.