Macquarie awaits green light for Brexit push into Ireland
London | Macquarie Group is understood to be awaiting a green light from European and Irish banking regulators to set up a standalone EU hub in Dublin, as it gears up for Britain's exit from the bloc next March. The bank has singled out Dublin over other cities vying for Brexit business such as Frankfurt,…
Markets Live: ASX to begin month in the green
Australian shares are set to open the session higher on Thursday following a firm session on Wall Street and European markets overnight.
National Australia Bank’s full-year cash profit falls 14pc to $5.7b
National Australia Bank Limited said its full-year cash profit fell 14.2 per cent to $5.702 billion as restructuring costs and repayments to customers rise. The second-half dividend remained flat at 99c with the full-year dividend also remaining flat at $1.98 per share. The result was in line with expectations. Chief executive Andrew Thorburn said the…
High price of precision medicine forces cancer patients to make agonizing choices
Kristen Kilmer hugs her 12-year-old daughter at their home in Spearfish, S.D. (Photo: Kristina Barker) When Kristen Kilmer was diagnosed with incurable breast cancer at age 38, her first thought was of her 8-year-old daughter. Kilmer lost her own mother as a teenagerĀ and was determined to get more time with her only child. The South…
ANZ, CBA, AMP accelerate ‘simplification’ amid Hayne fallout
The fallout from the banking royal commission is forcing three giants of the financial services sector, ANZ, Commonwealth Bank and AMP, to accelerate simplification of their business models, including offloading non-core assets which they insist is necessary to prepare for a much tougher operating environment. ANZ reported its worst full-year profit in eight years on…