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Showing 271 - 280 of 499 results for "Bank SA"

Westpac warns tough year ahead

MARK SMITH  |  MONDAY, 5 NOV 2012
Westpac's full-year statutory net profit has fallen 15% to $5.97 billion owing to a one-off tax benefit last year. The tax gain is related to the bank's takeover of St George, which pushed last year's profit artificially higher and made this year's ...

UBS to cut up to 10 000 jobs

BEN COLLINS  |  WEDNESDAY, 31 OCT 2012
Swiss bank UBS AG could cut as many as 10 000 jobs after announcing a $AUD 2.25 billion net profit loss on Tuesday. As part of a cost-cutting following the result, Switzerland's biggest bank said that it "is likely to have a headcount of around 54 000" ...

ASIC champion hybrid name change

LINDA HAUSKEN  |  FRIDAY, 12 OCT 2012
Australian Securities & Investments Commission is pushing for the industry to use the label 'capital note' instead of 'hybrid securities', as part of its ongoing focus on misleading and deceptive advertising. Hybrids are not easy to define, but put ...

Westpac Institutional Bank names CFO

BEN COLLINS  |  FRIDAY, 12 OCT 2012
Westpac Institutional Bank has appointed Terry Winder as the new chief financial officer, following an extensive global search. Winder, who has over 25 years experience in financial markets, joined Westpac in 2010 and has been acting chief financial ...

Suncorp and Bendigo jump on hybrid demand

LINDA HAUSKEN  |  THURSDAY, 27 SEP 2012
Listed insurance company Suncorp is one of the latest to tap into investor demand for high yields with the launch of a $350 million Tier 1 hybrid offer this week. The insurance giant said that the money raised from the hybrids which are called Convertible ...

The pain in Spain does not fall mainly on the plain

BENJAMIN ONG  |  THURSDAY, 27 SEP 2012
Take one central banker's lack of faith at the recent action of the institution he serves, add rumours that a region threatens to secede from a country in a region that's desperately trying to stay as one, and what do we get? We get a problem Houston. ...

ANZ ditches Visa shares

BEN COLLINS  |  WEDNESDAY, 19 SEP 2012
ANZ has said that it is undertaking a review of asset valuations, after announcing that it had sold its remaining shareholding in Visa Inc for a $224 million after tax profit. "The industry-wide requirements to hold more capital means that ANZ will ...

Deutsche Bank restructures

MELANIE TIMBRELL  |  TUESDAY, 18 SEP 2012
Deutsche Bank has created a new integrated Asset & Wealth Management division at the global level, calling the unit an "essential part" of the universal banking model and effectively curtailing earlier speculation it was up for sale. The new division's ...

Market down 5%: Resources look ugly

MARK STORY  |  TUESDAY, 28 AUG 2012
At reporting season's three quarter mark last week, defensive stocks surfaced with their best half year of growth since 2009, while cyclicals recorded their worst - despite industrials earnings rising 4%. With only a little more than a third of stocks ...

Write-down clouds Bendigo's 43% profit tumble

BEN COLLINS  |  MONDAY, 20 AUG 2012
Bendigo and Adelaide Bank will be running a tight ship, after announcing a 43% decline in full-year profit this morning. The bank said that its $195 million profit was affected by a $95 million write-off of goodwill in December 2011, after declines ...