AustraliaFinancial

Netwealth Group (ASX:NWL) reached a record total funds under administration of $135.7 billion for the June 2026 quarter.

ASIC has determined that WealthHub Securities, owned by National Australia Bank (ASX:NAB).

L1 Group (ASX:L1G) increased its funds under management by 12.4% to $19.1 billion for the quarter ended June 30.

KPMG's (ASX:KPMG) Australia division plans to cut 200 to 1,000 staff roles and reduce partner distributions by up to 20%.

The Finance Sector Union requested a branch closure moratorium extension to 2030 affecting Westpac Banking (ASX:WBC).

Taipei Fubon Commercial Bank secured a foreign ADI licence from APRA to launch wholesale banking operations in Australia.

Deutsche Bank paid $2 million penalty after ASIC found it misreported 264,574 over-the-counter derivative transactions.

The ACCC introduces new consumer data right rules requiring non-bank lenders to share interest rates and fees from Nov. 9.

The Finance Sector Union has lodged a formal dispute against the Commonwealth Bank of Australia (ASX:CBA) following 276 local job cuts.

IFM Investors finalised its takeover of Atlas Arteria (ASX:ALX) overnight, securing a 67.43% stake in the firm.

Cogstate (ASX:CGS) executed US$89 million in full-year net sales contracts, representing a 116% increase over the previous year.

Macquarie Group (ASX:MQG) investors are set to challenge the board over the integrity of the selection process that appointed KPMG as its new auditor.