The Australian Securities and Investment Commission (ASIC) will gain sweeping powers to ban advisers under CLERP 6 draft legislation, according to an industry lawyer....

The National Australia Bank confirmed industry rumours by officially announcing it will purchase MLC from Lend Lease for $4.56 billion cash, with a completion date set fo...

William M Mercer has signed Sealcorp to provide the back office administration for its new portfolio management service....

The Commonwealth Bank has set the scene for a online trading battle, after drop-ping the price for share trades via Commonwealth Securities (ComSec) to less than twenty d...

In an episode of the cult television cartoon, The Simpsons, mother Marge buys into a pretzel cart franchise for $500....

Perpetual Registrars is to team up with the Australian Stock Exchange (ASX) in a joint venture, ASX Perpetual Registrars Limited (APRL), in a bid to increase market share...

Prudential’s Egg online banking unit plans to start selling 169 mutual funds from 12 different companies over the Internet, the first fund supermarket for UK investors. ...

Research house ASSIRT is to add a stock market research arm to its operations, after the purchase of an interest in LM Equities Research from Leodaritsis Morgan Holdings ...

Awareness of the Internet is now widespread throughout the financial services industry as is the volume of information which comes with the new medium....

Western Australian banking group BankWest and financial planning group Prece-dent have entered into a joint venture to produce Plan B Financial Services....