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Financial
Sears Goes Bankrupt: Are ASX Retailers To Follow?
October 16, 2018 07:08 AM AEDT| By Team Kalkine MediaA form of bankruptcy which involves reorganization of assets, debts and debtor?s business affairs is known as Chapter 11 form of bankruptcy. Following years of declining sales in the coming days, Sears Holdings is preparing to file for Chapter 11 ban...
Navigator Global Investments Unravels Change In Assets Under Management At The End Of September Quarter
October 16, 2018 05:50 AM AEDT| By Team Kalkine MediaSince the early trade today, Navigator Global Investments Limited (ASX: NGI) has been hitting the ground on Australian Securities Exchange. The market got bearish as the listed investment manager pitched the update on its Assets Under Management. At...
NAB Shares Remained Flat Despite Announcing Additional Cost Of $314 Million (Post-tax) Relating To The Customer Remediation Program
October 16, 2018 04:21 AM AEDT| By Team Kalkine MediaNational Australia Bank (ASX: NAB) was the first bank which was taken to court by Australian Securities and Investments Commission (ASIC) over fee for no service breaches. ASIC sued NAB for charging superannuation client?s fees for services which wer...
Commonwealth Bank Of Australia Is The Most Popular Bank With Wealthiest Base
October 15, 2018 10:00 AM AEDT| By Team Kalkine MediaWhen it comes to banks used by the richest i.e. 10% of the total population, a new research from Roy Morgan shows that the Commonwealth Bank of Australia is the clear leader among all the banks with more than a third i.e. 36.7% being its customers. P...
Analyst Estimates $6 Billion Remediation Bill For Big Four Banks And AMP
October 15, 2018 09:33 AM AEDT| By Team Kalkine MediaAnalyst estimates $6 billion remediation bill for Big Four Banks and AMP Shaw and Partner?s banking analyst Brett Le Mesurier estimates of at least $6 billion payments from big four banks and AMP Limited in respect of customers refunds, remediation,...
Commonwealth Bank’ Dollarmites Scam Disclosed By CBA’s CEO
October 15, 2018 08:10 AM AEDT| By Team Kalkine MediaMr. Matt Comyn, the CEO of Commonwealth Bank of Australia (ASX: CBA) has recently disclosed that the thousands of children?s Dollarmite accounts have been fraudulently used by the Bank?s staff members to earn bonuses and achieve the targets. He also...
Centuria Capital Group Launches $100 Million Equity Raising To Back Centuria Metropolitan
October 15, 2018 06:52 AM AEDT| By Team Kalkine MediaCenturia Capital?s (ASX: CNI) stock slipped 0.769% as broker were seen in the market, seeking to raise $100 million to sub-underwrite Centuria Metropolitan REIT capital raising of $276 million. CNI?s listed REIT Centuria Metropolitan REIT (ASX: CMA)...
Investa Office Fund Gives 4 Days To Blackstone To Match The Superior Most Offer Of Rival Oxford
October 15, 2018 04:16 AM AEDT| By Team Kalkine MediaIn the long-standing bidding war to acquire Investa Office Fund (ASX: IOF), bidder Blackstone gets 4 days to match the higher bid of rival Oxford. This comes after Canadian Oxford Properties Group tabled binding offer to its latest $3.4 billion bid q...
Housing Prices, Global Sell-Off And Hayne’s Interim Report: Australian Markets Have Seen A Lot
October 12, 2018 04:35 AM AEDT| By Team Kalkine MediaEven though the current state of the global markets is not good, it can be said that Australian markets have been going through a rough patch lately. It seems like lower levels of the currency, declining housing prices, subdued income growth were not...
Netwealth Group’s Share Prices Tumbled Despite 7.3 percent Increase in September Quarter’s FUA.
October 11, 2018 08:58 AM AEDT| By Team Kalkine MediaOn 11 October 2018, Netwealth Group Ltd (ASX: NWL) released its business quarter update in which the company disclosed that Funds Under Administration (FUA) has increased by 7.3 percent to $19.3 billion over the prior corresponding period. Despite th...
Pendal Group’s Shares Tumble Despite The Increase Of $1.6 Billion In September Quarter’s FUM
October 11, 2018 07:19 AM AEDT| By Team Kalkine MediaOn 11 October 2018, Pendal Group Ltd (ASX: PDL) made an announcement regarding Funds Under Management(FUM) for the Quarter Ended 30 September 2018. In the September quarter, the FUM increased by $1.6 billion over the last quarter. Despite the release...
Slater and Gordon files first super class action against Commonwealth Bank of Australia and its subsidiary
October 10, 2018 09:50 AM AEDT| By Team Kalkine MediaLaw Firm Slater and Gordon said it has today filed the first of its superannuation class action against Commonwealth Bank of Australia under Get Your Super Back campaign. Slater and Gordon Get Your Super Back campaign was launched on 11 September 20...
Big Four Banks To Repay $2 Billion In FY19: Morgan Stanley
October 10, 2018 09:18 AM AEDT| By Team Kalkine MediaANZ, CBA, WBC and NAB may have to cough up $2 Billion in current fiscal year 2019 as Morgan Stanley quadrupled its customers refunds and remediation estimates ahead of banks full-year results release due in November. Earlier Morgan Stanley estimated...
Housing Market Gets A Rap On The Knuckles By NAB
October 10, 2018 04:50 AM AEDT| By Team Kalkine MediaAs per the latest survey by National Australia Bank Limited (ASX: NAB), the housing price forecast has been further slashed for Sydney and Melbourne and this is happening for the second time in about four months. It would be true to indicate that the...
Volt Bank And PayPal Join Hands: Will This Attract Customers?
October 09, 2018 09:16 AM AEDT| By Team Kalkine MediaNowadays, the customers are becoming more and more tech savvy and thus, they are counting on the digital means even for their daily work. Be it shopping, studying or banking, everyone wants these facilities on their fingertips i.e. without much of an...
Commonwealth Bank of Australia (ASX: CBA) To Refund Unauthorized Advice Fee Charged To The Dead
October 09, 2018 04:06 AM AEDT| By Team Kalkine MediaCommonwealth Bank steps up to refund the fees charged to dead customers and promises to rebate all grandfathered commissions for Commonwealth Financial Planning (CFP) customers from January 2019. In an announcement dated 9 October 2018, Commonwealth...
ANZ’s Share Prices Declined after Providing Update on Customer Compensation and Software Amortization
October 08, 2018 08:39 AM AEDT| By Team Kalkine MediaOn 8 October 2018, Australia and New Zealand Banking Group Limited (ASX: ANZ) made an announcement which states that its full Year 2018 cash profit is going to be affected due to the additional charges for customer compensation, accelerated amortizat...
Axsesstoday Limited (ASX: AXL) Revokes FY18 Final Dividend
October 08, 2018 06:47 AM AEDT| By Team Kalkine MediaAre investors waiting to react to the shock announcement of dividend cancellation by equipment finance provider Axsesstoday Limited? Well the answer seems to be pretty much yes! Currently the securities of Axsesstoday Limited are voluntarily suspend...
Commonwealth Securities Is on A Roll: What You Need to Know
October 05, 2018 07:38 AM AEST| By Team Kalkine MediaCommSec or Commonwealth Securities was retained by the Commonwealth Bank of Australia (ASX: CBA). The financial results for FY 2018 of CommSec have witnessed a strong momentum and were helped by the strengthening fundamentals of the company. For the...
eServGlobal Limited (ASX: ESV) raised A$33.4 million to fund support the capital increase in HomeSend
October 04, 2018 09:15 AM AEST| By Team Kalkine MediaeServGlobal Limited (ASX: ESV) announced the total fundraising of A$33.4 million via placement of 304,000,000 new shares of eServGlobal at an issue price of A$0.11 per share. The placement was done by way of Firm placing, Institution offer and Clawba...
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