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Total wealth held in Australia increased significantly over 10 years to $6.1 trillion in 2017 from $3.4 trillion in 2007. As a result, per capita wealth in Australia increased by…
The Commonwealth Bank could reportedly cut up to 10,000 jobs and cost around $2 billion, with the bank working with McKinsey on the plan. The Commonwealth Bank of Australia (CBA),…
Two years after leaving investment banking for M&A consulting, Annabelle Mooney has returned to her roots. Mooney spent eight years in investment banking between 2009 and 2017 before jumping to…
Following a voluntary administration process overseen by Deloitte and advisers from Moelis & Company, SME lender Axsesstoday has been sold without risk. The company was sold to an affiliate of…
When Annabelle Mooney announced she was leaving PwC for investment banking giant JP Morgan in early August, her employer was understandably disappointed. After three months, Mooney stole three of her…
Australia’s four biggest banks – ANZ Bank, Commonwealth Bank, NAB and Westpac – have spent over $1.1 billion in the past decade on fees to hire the services of Big…
Australia’s big banks have had a tough year compared to the banking sector as a whole, with a significant drop in cash profits and declining mortgage market share, according to…
New National Australia Bank (NAB) chief executive Ross McEwan has brought in consultants from Bain & Company to help with a four-month strategic planning review as the bank’s new boss…
Australian Financial Group (AFG) aims to revolutionize user experience (UX) in the mortgage broking sector by bringing together the complex world of broking information into a single app-based platform, injecting…
Virgin Money has announced it is launching a digital bank in Australia. Swiss financial software firm Temenos was approached to deliver the core banking platform for the new bank, while…