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Financial Services

CEO lunch with Sherif Andrawes

Born in Egypt and raised in Scotland, Sherif Andrawes brings a world of experience to his role as WA chair of global accounting firm BDO, as Business News discovered over lunch at Julio's in West Perth.

RBA's Lowe defends inflation strategy

New Reserve Bank of Australia governor Philip Lowe has defended the central bank's monetary policy framework, telling a parliamentary committee "we are not 'inflation nutters'".

CBA apologises for overdraft error

The Commonwealth Bank of Australia has apologised to customers and paid $180,000 in fines after a programming error caused Australia's largest bank to incorrectly approve almost 11,000 overdraft applications.

Westpac refunds $20m of credit card fees

Westpac has refunded $20 million to about 820,000 customers after failing to clearly disclose which credit card transactions attract foreign transaction fees.

RBA holds interest rates

The Reserve Bank of Australia is content to sit back and assess the impacts of its two rate cuts this year.

Debelle promoted to RBA deputy governor

Long-serving economist Guy Debelle will be the new deputy governor of the Reserve Bank of Australia.

Peppermint in deal with Philippines bank

Recently-listed technology company Peppermint Innovation will supply its remittance system to a bank based in the Philippines under a new partnership deal.

Vale Shane Gherbaz

Former stockbroker and the founding managing director of Euroz, Shane Gherbaz, has passed away after a battle with illness.

Pioneer Credit delivers record results

Financial services provider Pioneer Credit has boasted a record year of growth, with increases in revenue, net profit and customer numbers.

Otsana sets up shop in Israel

West Perth-based advisory firm Otsana Capital has established an office in Israel to work closer with startups in the region seeking a presence on the ASX.

Pennells launches new venture

Mortgage broking pioneer Greg Pennells has launched a new venture that will partner with Choice Aggregation Services, a company he sold for $163 million in 2007.

ThinkSmart to drop ASX listing for AIM

Point-of-sale financing group ThinkSmart has announced plans to undertake an $8.8 million capital raising, delist from the ASX and jump over to London's AIM.

RESIMAC to take over Homeloans

An investment group led by Sydney-based Duncan Saville is set to gain control of Homeloans, after the Perth-founded mortgage lender struck a takeover deal with competitor RESIMAC.

Lithium, gold stocks lift deal flow

SPECIAL REPORT: Lithium stocks led by Pilbara Minerals and Galaxy Resources have seized the opportunities presented by the commodity's surge.

Gold stocks emerge as top 30 force

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

‘Speculative’ mining stocks head a varied field of performers

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.

EBM boss confident of growth in tough market

Alan Bishop has spent 40 years building insurance broker EBM into a national player and worked through many business cycles over that time, but arguably none as tough as the current conditions in Western Australia.

Tough medicine taken for trying times

SPECIAL REPORT: WA's economic slowdown hasn't led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.

Stargroup buys competitor, raises funds

Perth-based ATM machine supplier Stargroup has expanded its network with the acquisition of CashmyATM in a scrip and cash deal worth $4.5 million.

BankVault wins at Silicon Valley event

Local entrepreneur Graeme Speak's cyber security startup business has been named the fintech category winner at the Silicon Valley Forum's World Cup Tech Challenge.

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