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Showing 21 - 30 of 37 results for "Westpac Banking Corp."

Midday Market Wrap: Bank shares surge, dollar jumps on interest rate hike

Bank shares surged today, as investors bet today's quarter percentage point rate rise could be one of the last. Analysts said the shares had been oversold in recent sessions, ahead of the Reserve Bank of Australia's decision to hike rates today. As ...

Afternoon market wrap: Australian shares close higher

WITH AAP  |  WEDNESDAY, 19 NOV 2003
The Australian share market pulled into positive territory today, helped by strength in the banking sector. The benchmark S&P/ASX 200 index ended six points firmer at 3181.4 while the all ordinaries was 3.7 points higher at 3189.1. By 1628 AEDT on the ...

Business lending may not match home loan slump: KPMG

AAP  |  THURSDAY, 13 NOV 2003
Banks could struggle to make up for a slowdown in mortgage growth by increasing loans to businesses, according to financial services group KPMG. Australia's big banks have pinned their hopes on an upswing in business lending to counter a slowdown in ...

Afternoon market wrap: Shares, dollar end higher

The Australian share market made it into positive territory just before the close of trading today, despite being weighed down by the banking sector for most of the session. Gains by market heavyweight News Corp and resource stocks managed to reverse ...

Cicutto reappointed as NAB chief

AAP  |  FRIDAY, 24 OCT 2003
National Australia Bank Ltd has reappointed chief executive Frank Cicutto for another three years, continuing recent moves by the nation's other big banks to hold onto current leadership. Mr Cicutto will stay on until October 2006 with his annual base ...

ANZ poised to buy Lloyds NZ unit

Australia & New Zealand Banking Group is poised to announce a deal to buy Lloyds TSB Group Plc's New Zealand banking operations for around 2.34 billion pounds ($3.96 billion), a source close to the situation said on Thursday. ANZ is hoping to announce ...

Afternoon Market Wrap: AXS hits 16-month high

The Australian share market struck a fresh 16-month high today, as key resources stocks pushed the bourse higher after continued strength in commodities markets overnight. The benchmark S&P/ASX 200 index closed 6.5 points higher at 3282.9, its highest ...

Wollemi Trust issues inaugural portfolio credit linked notes

AAP  |  TUESDAY, 7 OCT 2003
... the A$50 million portfolio CLNs to be issued by Wollemi Trust, a special-purpose vehicle established by Westpac Banking Corp (WBC). The CLNs are debt securities whose payment of interest and principal are linked to the credit performance of a notional ...

Lloyds TSB announces new strategy today

AAP  |  MONDAY, 6 OCT 2003
Britain's Lloyds TSB is expected to give an update on the $6 billion sale of its National Bank of New Zealand when it announces a new strategy to United Kingdom investors tonight, the Australian Financial Review reported. Australia's ANZ Banking Group ...

Afternoon Market Wrap: Quiet end to ASX week

Australian stocks ended the week on a positive but quiet note, as a rally in Telstra and key resources stocks helped lift the bourse in subdued trade. After jumping more than one per cent yesterday, the benchmark S&P/ASX 200 index firmed another 3.9 ...