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Financial Services

Goldfields raises $20m

Goldfields Money has tapped investors for $20 million, with its planned merger with mortgage aggregator Finsure nearing completion.

Tech Scene- Bankwest messaging service

Bankwest has launched an in-app messaging service that allows its customers to have their questions and queries answered securely, quickly and easily.

Perth tax adviser facing $35m tax bill

Perth accountant Peter Moltoni has been hit with a $34.5 million tax assessment after the ATO took a close interest in disputed payments by his former client Pankaj Oswal.

Reid resigns as Cashies improves profit

Cash Converters International has posted a $22.5 million profit for the 2018 financial year, while also announcing the resignation of chief executive Mark Reid.

Rosser still dreaming with his feet on the ground

Brad Rosser brings diverse experience with Bond Corp, McKinsey and Co, Virgin and Unilever Ventures to his current focus on startups.

Back to basics for banks

Investors seem unconcerned by the fallout from the banking royal commission, with banks’ shares rising despite the flood of bad news.

Perth lenders merge in $11m deal

Perth-based lenders Fair Go Finance and Capfin Money have announced plans to merge in a deal under which Frankfurt-listed MyBucks will sell a 60 per cent stake in the new entity to its former chief executive Tim Nuy.

HBF launches high-tech city branch

HBF last night launched its new Perth city branch at Kings Square, which includes a raft of modern technology experiences including a Skype station and self-service digital claims processing.

Perth accountant pleads guilty to fraud

Perth accountant Neil Alessandrino has pleaded guilty to a rolled-up fraud charge in the District Court this week.

IDS builds super niche

With more than $1.2 billion in funds under management, IDS Super is carving out a fast-growing niche in the self-managed superannuation fund sector.

Diverse businesses deliver social impact

Companies as diverse as multinational Konica Minolta and local startup Kirrikin are operating as both for-profit and for-purpose businesses.

Somers & Partners links with Mejority Capital

Perth finance executives Andrew Frazer and Simon Lill have agreed to a strategic alliance between their respective businesses.

Euroz lifts profit in FY18

Financial services company Euroz has reported a surge in profits for the 2018 financial year, along with an uplift in its dividend, driven by higher performance fees from its listed investment companies.

Growth in alternative financing

SPECIAL REPORT: Private equity groups and credit funds are delivering a diverse range of financing options for mining projects.

Sternship making its mark

SPECIAL REPORT: A new corporate advisory firm working from a historic building in West Perth has rapidly made an impact, advising on more than a dozen transactions for public and private companies.

New corporate advisory players lift market share

SPECIAL REPORT: Western Australian companies were involved in 235 corporate finance deals worth $6.9 billion in the June quarter, with new advisory firms playing an increasing role, research by Business News has found.

Banks need relationship reboot

A Perth-based banking consultant who helped banks in Africa develop more customer-centric strategies believes a return to that model would benefit Australian institutions.

WA woman gets prison sentence for tax breaches

A 65-year-old Geraldton woman has been handed a suspended prison sentence after failing to lodge tax documents dating back to 2008.

Former Perth broker handed prison sentence

A former Perth finance broker has been handed a 21-month prison sentence on loan fraud charges following an investigation by the corporate watchdog.

UHY to merge with Sothertons

Accounting firm UHY Haines Norton will have three offices in Western Australia following a merger with national outfit Sothertons, while Moore Stephens Perth - which absorbed the old UHY practice in WA in 2015 - has announced changes to its leadership team.

HBF boss outlines his plans

In a wide-ranging video interview, HBF managing director John Van Der Wielen has sat down with Mark Pownall to discuss the group’s future growth strategy, along with his diverse career and regulatory challenges facing the finance sector.

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