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| | | ... reasonable opportunity to buy in." Financial stocks were weaker after news that ratings agency Fitch has put Australia's big four banks on a credit downgrade watch because of their reliance on shaky global debt markets. Investors are also cautious ahead ... |
| | | | ... granted the go-ahead on its lucrative Malaysian facility ahead of a decision by officials later this month. All the big four banks gained, despite news of fresh redundancies in the sector. Westpac gained 1.1 per cent to $20.79 even as reports emerged ... |
| | | | The Finance Sector Union, representing workers at Australia's big four banks, said job cuts in the banking industry cannot be justified. Reports today claim thousands of bank jobs could be on the line over the next two years as part of major cost cutting ... |
| | | | ... Investors were also keeping a close eye on headlines out of ANZ Bank's annual general meeting, the third of the big four banks this week. Echoing comments from its competitors, the bank warned that funding costs were rising because of Europe's woes. ... |
| | | | ... while Rio Tinto rose $1.08, or 1.7 per cent, to $64.82. Financial stocks also added 1.5 per cent. Three of the big four banks hold annual general meetings this week, with Westpac executives set to face shareholders on Wednesday, NAB on Thursday and ANZ ... |
| | | | ... investors feared that the rising cost of raising money overseas would put pressure on bank margins. All of the big four banks have now said they will pass on the Reserve Bank of Australia's full interest rate cut of 25 basis points. "Banks are going ... |
| | | | ... of capital expenditure over the next few years so we're seeing some risk coming off the table," Ms Lee said. The big four banks were also lower, despite a jump by their Wall Street peers. ANZ posted the biggest drop, losing 13 cents, or 0.6 per cent ... |
| | | | Australia's big four banks have been downgraded by ratings agency Standard & Poor's. The decision to lower Westpac, Commonwealth, ANZ and NAB issuer credit ratings from AA to AA- is part of the agency's recent shakeup of ratings criteria, which was ... |
| | | | ... 12 points lower at 4,122, with 20,322 contracts traded. RBS Morgans private client adviser Bill Bishop said the big four banks were responsible for the turnaround on the market. "The banks have changed course," he said. "There was a threatened downgrade ... |
| | | | ... cents, or 2.5 per cent, higher at $13, while Woodside shares were 42 cents higher, or 1.16 per cent, at $36.62. The big four banks were all stronger, with Westpac the best performer, 63 cents, or 2.93 per cent better at $22.14. Commonwealth Bank found ... |
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