Australia and New Zealand Banking Group Limited (ASX: ANZ) reported a statutory profit after tax of $3.58 billion in FY20, down by 40% compared to the previous year. Cash profit for the year was $3.76 billion. It has now declared total dividends of...
Summary An ETF is an exchange-traded fund consisting of several securities, including stocks, and bonds, among others. An index-based ETF is an excellent option to invest in the broader market like A200 ETF for the Australian market, replicatin...
Summary Westpac Banking Corporation (ASX:WBC) shares traded marginally higher after the bank reported notable items for the second half. The release includes items that impact the bank’s cash earnings in the second half. The bank e...
Summary An index fund is a type of ETF that primarily mimics the risk and return profile of a market index and mainly represent a passive strategy. An investment in an index fund tends to offer several benefits, including lower costs, diversifi...
Summary APRA has reported breaches of APS 210 by Bendigo and Adelaide Bank due to coding error, leading to inadequate reporting of liquidity ratio The bank has rectified the matter, and internal as well as independent reviews are underway...
Summary National Australia Bank’s digital services have resumed after services went down for share trading, payments and transfers. Last month, the bank had launched a security test with a bounty in collaboration with crowdsourced s...
Summary The Bank of Queensland has had a difficult year, with an annual report stating net profit down 61% to A$115 million. Bank’s net cash earnings declined 30% to A$225 million. Shareholders to get much lower dividend this year, only ...
Summary Product developers are working against the clock to match with the rapidly evolving choices and preferences of consumers. Online stock trading has evolved over the years, yet many trading platforms fail to match the expectation of the m...
Summary Investment management company Trian Fund Management has acquired a 9.9% stake in two asset managers – UK-headquartered Janus Henderson and US-based Invesco. On 9 October 2020, Janus Henderson share price moved up by 5.941% to reac...
Summary The biggest Aussie banks may not get A$7 billion back from borrowers that put a freeze on their loan payments. The banks decided to help Australian citizens by relieving them from paying bank debts during these unprecedented times. The...
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