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Showing 301 - 310 of 480 results for "Australian Bank"

Triple bypass needed to resurrect NAB's UK business

MARK SMITH  |  THURSDAY, 1 NOV 2012
It could take years before NAB's 'worthless' UK banking business is restored to anything approaching a reasonable sale price. That is according to Elio D'Amato, chief executive of stock market solutions provider Lincoln Indicators. The underperformance ...

NAB profits slump but wealth division prospers

MARK SMITH  |  WEDNESDAY, 31 OCT 2012
... 22% plunge in annual profit, but saw growth in its wealth creation business. Net profit at the fourth largest Australian bank fell to $4.1 billion in the year to 30 September, down $1.1 billion on the same period last year. The bank's cash earnings ...

ANZ to chase more China assets

MARK SMITH  |  FRIDAY, 26 OCT 2012
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 ...

ANZ posts record profits

MARK SMITH  |  THURSDAY, 25 OCT 2012
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 wins top insurance award

MARK SMITH  |  MONDAY, 22 OCT 2012
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 ...

BoQ first Aussie bank to post loss in 20 years

MARK SMITH  |  FRIDAY, 19 OCT 2012
... 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 ...

Hybrid securities back in favour

LINDA HAUSKEN  |  MONDAY, 8 OCT 2012
... 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 ...

APRA issues final Basel III reforms

LINDA HAUSKEN  |  TUESDAY, 2 OCT 2012
... 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 ...

10,000 finance jobs slashed since GFC

BEN COLLINS  |  WEDNESDAY, 5 SEP 2012
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 ...

CBA set to launch a $750 million hybrid offer

LINDA HAUSKEN  |  TUESDAY, 4 SEP 2012
... 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 ...