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Showing 14001 - 14010 of 17976 results for "Bank"

Market Wrap - Midday

AAP  |  WEDNESDAY, 8 OCT 2008
... yesterday's gains after heavy losses in the US overnight and resources are trading lower," Ms Spencer said. Commonwealth Bank of Australia shares remain in a trading halt following the bank's announcement this morning of its agreement to purchase two ...

Suncorp ripe for the picking

MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
Suncorp confirmed it has received several approaches from companies besides Commonwealth Bank interested in buying the banking and wealth management divisions of the group. The group advised its shareholders the approaches may or may not lead to formal ...

CBA buys BankWest and St Andrews

MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
The Commonwealth Bank of Australia has purchased BankWest and St Andrew's Australia for $2.1 billion. Commonwealth Bank is determined to keep its strong capital position and intends to fund the purchase price by undertaking a $2 billion accelerated ...

No more parachute payments

MICHELLE BALTAZAR, MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
... package for the company. Dexia's chief executive Axel Miller, who promptly resigned after Dexia became the second Belgian bank to receive a multi-billion dollar bail-out from governments and shareholders, said he will not ask for a "golden parachute" ...

Online drill for gold

MICHELLE BALTAZAR  |  WEDNESDAY, 8 OCT 2008
... www.goldsilverbullion.com.au. Through the website, investors can buy gold and silver bullions and have them delivered to a designated bank or location, or stored through the company's recommended security vault storage facilities. Alex Jamieson, goldsilverbullion.com.au ...

Fed to bail-out corporate paper

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
... financial intermediaries to accommodate the credit needs of businesses and households." The plan will see the US central bank purchase unsecured commercial papers such as short-term IOUs issued by the banking sector, corporations and US municipalities ...

Central Banks must unite

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
The current financial market turmoil indicates that one central bank working alone, even if it is the mighty Fed, is unable to contain the panic and restore confidence in the financial system. Locally, the RBA has led the way - but again, this is a ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 8 OCT 2008
... Group Ltd. Yesterday, the domestic share market turned around sharply to close almost two per cent higher after the Reserve Bank of Australia (RBA) slashed interest rates by a full percentage point. The rate cut sparked a major turnaround in the Australian ...

Market Wrap - Midday

AAP  |  TUESDAY, 7 OCT 2008
Australian stocks were lower at noon as the market anticipates an interest rate cut by the Reserve Bank of Australia this afternoon, and after heavy losses on Wall Street. At 1200 AEDT, the benchmark S&P/ASX200 was down 94.4 points, or 2.08 per cent ...

CBA in talks to buy BankWest

MICHAEL HOBBS  |  TUESDAY, 7 OCT 2008
The Commonwealth Bank is negotiating with HBOS plc to purchase BankWest. In a statement from the Australian Securities Exchange (ASX), Commonwealth Bank said both parties are yet to reach an agreement. This news follows UK bank, Lloyds TSB, buying HBOS ...