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Showing 11961 - 11970 of 17967 results for "Bank"

Inflated inflation scare

BENJAMIN ONG  |  THURSDAY, 10 FEB 2011
... remarked that blaming the Fed for rising food and oil prices was unfair. Adding that, "The Fed, like every other central bank, is powerless to prevent fluctuations in the cost of living and increases of individual prices. We do not produce oil. Nor do ...

Market Wrap - Morning

AAP  |  THURSDAY, 10 FEB 2011
... Australian bourse closed in the black for the third consecutive day after a better than expected profit result from Commonwealth Bank drove gains in the financial sector. The benchmark S&P/ASX200 index was up 14.4 points, or 0.29 per cent, at 4,904.8 ...

Bank lends aid to fin planning businesses

MATT WOODINGTON  |  WEDNESDAY, 9 FEB 2011
St.George Bank and other lenders are looking to plug the funding gap in the financial planning industry left by its rivals that have withdrawn from the market. Commonwealth Bank's decision to cease lending to financial planning businesses late last ...

YBR launches term deposits

MATT WOODINGTON  |  WEDNESDAY, 9 FEB 2011
... deposits are issued by Gateway Credit Union, a major Authorised Deposit-taking Institution (ADI) and become the first non- bank issued product of its kind in Australia. The company is looking to relieve the major banks' grip on the term deposits industry ...

CBA wealth arm boosts profits

MATT WOODINGTON  |  WEDNESDAY, 9 FEB 2011
Commonwealth Bank reported solid results for 2010, buoyed by the strong performance of its funds management business. CBA Wealth Management delivered underlying profit after tax of $329m for 2010, a 12 per cent rise on the previous 12 months. Its net ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 9 FEB 2011
The Australian stock market was stronger at noon on robust performances by financial companies, after Commonwealth Bank posted a better than expected first half cash profit. At 1200 AEDT, the benchmark S&P/ASX200 index was up 13.2 points, or 0.27 per ...

Wall Street does an Abbott

BENJAMIN ONG  |  WEDNESDAY, 9 FEB 2011

Market Wrap - Morning

AAP  |  WEDNESDAY, 9 FEB 2011
... tender process to issue $500 million of January 2018 bonds. In equities news, first half results are due from Commonwealth Bank of Australia, Boral Ltd, Stockland, Ansell Ltd, Computershare Ltd, and Austereo Ltd. OZ Minerals Ltd delivers full year results. ...

Market Wrap - Midday

AAP  |  TUESDAY, 8 FEB 2011
... led by NAB, up by 2.6 per cent, which is definitely outperforming its major peers." On Tuesday morning, National Australia Bank reported an increase in first quarter cash earnings but said margins had fallen slightly due to higher funding costs. NAB ...

Countplus loses senior exec to Premium

ELISE BURGESS  |  TUESDAY, 8 FEB 2011
Countplus' former acquisitions and integrations manager and interim chief executive, Jeremy Wardell, has left the firm, taking the top job at Premium Wealth Management as chief executive. The independently-owned financial planning group said Wardell ...