Westpac sued over multiple breaches; admits to charging 11,000 dead clients

Highlights Australian Bureau of Statistics releases data regarding the value of the loan commitment on 1 November 2021. The value of new housing loan commitments saw a fall of 1.4% in September 2021. A yearly fall of 83% is reported in the own...

Highlights Insurance Australia Group updates on net natural hazards claim costs for FY22 after severe weather events, including harsh storm and hail activity, were experienced last month. IAG receives nearly 14,000 claims by 4 pm on 1 November,...

Highlights Judo Bank made its ASX debut on Monday after raising AU$657 million in an initial public offering (IPO). Judo Bank is Australia’s first challenger bank for small and medium-sized businesses (SMEs). The lender arrived on the sc...

Highlights Macquarie Group announces successful completion of its AU$1.5 billion institutional Placement. The placement will lead to the issuance of 7.7 million new wholly paid ordinary shares at a price of AU$194.00 per Placement Share. R...

In what could be a boost for its share price, Westpac Banking Corporation (ASX:WBC) on Monday announced a AU$3.5 billion off-market share buyback. Already, others in the big four ASX bank group - Commonwealth Bank of Australia, National Australia B...

Highlights BNK Banking has announced in its market update that the Settlements achieved consecutive monthly records of AU$2.91 billion in September and $2.86 billion in August, 2021. BBC today revealed that its Aggregation division, Finsure was...

Dividend stocks are always in demand among investors. Especially during times of high volatility in the markets, investors look at stocks that can offer them with a steady source of income. Though COVID-19 was a challenging period for all, many bu...

Macquarie Group Ltd (ASX:MQG) on Friday announced doubling of its profit in the first half of FY2022 to AU$2.04 billion. The investment bank also revealed its plans to raise AU$1.5 billion from institutional investors at AU$190 per share. Macquarie...

After Reserve Bank of Australia’s decision to leave the interest rates on hold at a record low of 0.1%, in early October, the Australian equity market closed in red for a second consecutive session. The sector was anyways walking on eggshell...

Highlights  Wisr has reported record revenue of AU$12.1 million for Q1FY22. WZR is capitalised with AU$30.7 million as unrestricted cash along with liquid loan assets of AU$24.4 million as of 30 September 2021.  ASX-listed non-ba...