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| | | ANZ chief executive Mike Smith was upbeat about the bank's record $6 billion profit at yesterday's annual result announcement and said the company would target further growth in Asia with acquisitions likely to follow. Smith described the 6% rise in ... |
| | | | Australia and New Zealand Banking Group (ANZ) reported record full-year profits driven by growth in its Asian business. Today's announcement showed the bank's end-of-year profit has risen to $5.7 billion, up 6% on last year, but slightly lower than ... |
| | | | Allianz has won the award for Life Insurance Product of the Year at the 2012 Australian Banking and Finance (AB+F) Awards. The awards, held on Thursday at The IVY in Sydney, are Australia's premier insurance accolades with the winners chosen by an independent ... |
| | | | ... bad loans and plunging property prices in Queensland, as well as on a slowing economy. The last instance of an Australian bank going unprofitable for a year was ANZ was back in 1992. Despite the loss, chief executive Stuart Grimshaw insisted the bank ... |
| | | | ... Cobley, executive general manager, group treasury at the Commonwealth Bank. CBA also noted that it is the first Australian bank with its Tier 1 offer to be compliant with the new bank capital rules known as Basel III, which will come into full effect ... |
| | | | ... be a very modest insurance premium for a safer banking system," he added. The Commonwealth Bank was the first Australian bank with its $1.5 billion PERLS VI Tier 1hybrid offer to be compliant with the new capital reforms, which will be rolled out in ... |
| | | | At a time when Australian banks can afford to provide the best working conditions in the world, workers in financial services are under more pressure than ever, said Leanne Shingles, a spokesperson for the Finance Sector Union. Despite working for one ... |
| | | | ... group chief financial officer said that PERLS VI will be the first BASEL III compliant Tier 1 hybrid issued by an Australian bank, which demonstrates the Group's proactive approach to its ongoing capital management strategy. To educate investors about ... |
| | | | AMP is set to offer clients a rebate on term deposit administration fees on its North platform until the end of the year. North is a comprehensive full service platform that includes multi-manager funds, managed funds, online direct share trading, exchange ... |
| | | | We all know the drill. Once Europe's back in the headlines, markets suffer a case of the jitters. When they do, they begin hoping that a QE fix would soon be in the offing. Homer (the cartoon, not the Greek epic poet and author of the Iliad and the ... |
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