AMP leaders defend share price, tout AI future
There is no sideline position to take in the disruptive moment offered by artificial intelligence, the leader of an Australian wealth stalwart says.
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Shares in wealth manager plunge in earnings bloodbath
AMP shares have plummeted amid questions from analysts about why shareholders should watch their money being "torched" to fund the company's new digital bank.
Australia’s frustration with motor insurance grows
Australia's financial product watchdog continues to grapple with a mountain of complaints, with car insurance the leading cause of consumer consternation.
Super funds spared billions after US axes ‘revenge tax’
The Trump administration says it won't pursue a contentious tax targeting foreign investors after negotiating a withdrawal from a global minimum tax agreement.
Vanguard faces fine for greenwashing ‘ethical’ fund
Investment firm could have to pay fines amounting to all, or most, of it's annual profits after misleading consumers by promoting an "ethical" investment fund.
Super fund hauled before court over greenwashing claims
Australia's corporate watchdog has taken the unprecedented step of launching court action against Mercer Superannuation over alleged investment greenwashing.
Broker jailed for stealing clients’ shares
Former Queensland stockbroker Roderick George Halligan stole $1.2 million in shares from clients and used fake documents to conceal the thefts for 12 years.
Blue Sky crash spurs second class action
Angry shareholders have filed a second class action over Blue Sky's 2019 implosion when its market value was wiped unexpectedly.
Magellan raises H1 profit, defies setbacks
Fund manager Magellan has bounced back from turmoil to post a higher first-half profit and is offering an options deal to investors who stayed loyal.