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Economy

Liquidator appointed to boutique investment bank

ASIC has successfully applied to the Federal Court of Australia for a liquidator to be appointed for ASX-listed boutique investment bank Sino Strategic International.

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Details of CPA mortgage move revealed

Accounting body CPA Australia has provided a crucial update on its much-hyped entry into the financial planning and credit advice markets.

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Banking body backs APRA’s approach to capital

The Australian Bankers’ Association (ABA) has welcomed APRA’s finding that international comparisons will inform, rather than determine, Australia’s approach to bank capital levels.

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‘Not all banks are predators’: COBA

The Customer Owned Banking Association (COBA) has called for policymakers and regulators who have run out of patience with listed banking institutions to further promote its model.

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Banks respond to APRA findings

Three of Australia’s major banks have issued responses to APRA’s recommendation that they will need to strengthen their capital in order to position themselves among the world’s top banks

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Aussie dollar to hit six-year low

The Australian dollar is set to plummet to its lowest level in six years by the end of 2015 – and is tipped to sink even further.

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More foreign investors expected to build in Australia

Australia has some of the world’s most expensive construction markets, although the tide is starting to turn, an international report has found.

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China slowdown a cause for concern

While all eyes have been on the unfolding situation in Greece, it is China that poses the greatest threat to the global economy, says one economist.

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ASX listing ‘imminent’ for DirectMoney

Marketplace lender DirectMoney has announced it is about to list on the Australian Stock Exchange as it looks to disrupt the personal lending space.

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Govt continues foreign real estate crackdown

Australians who buy expensive local properties from foreigners will have to withhold 10 per cent of the payment under proposed new rules.

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