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| | | ... Group shares have been hit harder, falling 42 cents, or 8.22 per cent, to $4.69. Among the financial stocks, Commonwealth Bank shares were 82 cents, or 1.7 per cent, lower at $47.49. ANZ shares were 17 cents, or 0.8 per cent, lower at $21.19. National ... |
| | | | Ausbil Dexia, the Australian equities specialist partly owned by the asset management arm of troubled European bank the Dexia Group, has moved to reassure investors following news of the bank's bailout in Europe. In a statement, chief executive officer ... |
| | | | The Australian broker market and wider investment vehicles are far more prepared for the introduction of Chi-X in less than two weeks than other economies in the past, according to Fidessa, but there is still more work to be done. Fidessa, a trading ... |
| | | | ... JPMorgan Chase, which spruced up its earnings with the same accounting tactic as Citigroup -- booking paper gains on the bank's own debt due to favourably changing interest rate spreads -- lost 2.7 per cent. Bank of America, which has not yet delivered ... |
| | | | ... refineries and smelters as the world's second biggest miner seeks to streamline its Alcan aluminium business. Commonwealth Bank shares were 72 cents higher, or 1.52 per cent at $48.22, ANZ shares were 41 cents higher, or 1.95 per cent, at $21.40. National ... |
| | | | ... a slowing 3% this year to 2.9% in 2012, only marginally above the 2% threshold the International Monetary Fund and World Bank see as a technical global recession. In Citi 's downgrade sights were the US, Europe, Japan, Canada, the UK and even China. ... |
| | | | ... investors by as much as 50%; expand the European Financial Stability Fund (EFSF); recapitalise banks through direct EFSF bank equity purchases and guarantees on their liabilities; and bring forward the setting up of a permanent rescue fund - the European ... |
| | | | ... "AA" with a negative outlook, following downgrades to the country's top banks. Milan soared 2.5 per cent despite a central bank warning of slow growth in the third quarter and a possible credit crunch. Wall Street advanced on strong corporate earnings ... |
| | | | ... global bodies, central banks and supervisory authorities. Before joining APRA in 1998, Byres spent 13 years with the Reserve Bank of Australia, mainly in bank supervision and also worked at the Bank of England in the UK. The Basel Committee, which meets ... |
| | | | ... local trade, the financial sector saw more moderate falls, down 0.7 per cent, with Westpac the worst performing major retail bank, down 16 cents, or 0.74 per cent, at $21.59. He said the market was looking towards China's inflation reading - which investors ... |
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