Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 391 - 400 of 480 results for "Australian Bank"

Hedge funds slam ban extension

MICHAEL HOBBS  |  TUESDAY, 21 OCT 2008
The hedge fund industry has condemned the Australian Securities and Investments Commission's (ASIC) decision to extend the ban on short selling on non-financial stocks, declaring it will have "severe and immutable long-term effects". ASIC extended the ...

CBA in talks to buy BankWest

MICHAEL HOBBS  |  TUESDAY, 7 OCT 2008
The Commonwealth Bank is negotiating with HBOS plc to purchase BankWest. In a statement from the Australian Securities Exchange (ASX), Commonwealth Bank said both parties are yet to reach an agreement. This news follows UK bank, Lloyds TSB, buying HBOS ...

Allianz provides BankWest insurance

MICHAEL HOBBS  |  WEDNESDAY, 24 SEP 2008
BankWest and Allianz Finance signed a referral relationship whereby the West Australian banking group refers all new debtor finance customers to Allianz Finance. The deal means besides new debtor customers, existing debtor finance clients will been ...

Super cushions local asset managers

MICHELLE BALTAZAR  |  FRIDAY, 19 SEP 2008
The country's compulsory super will keep the investment management arms of the major banks chugging along despite the current market crisis - unlike their European and US counterparts which are under the hammer, if not already sold, as their parent ...

HBOS Australia gives Lloyds thumbs up

RUTH LIEW  |  FRIDAY, 19 SEP 2008
HBOS Australia's parent company is being swallowed by UK bank Lloyds TBS, but its local arm is welcoming the move as a way to grow its client base. In a statement released by the company, HBOS Australia claims the acquisition would position the firms' ...

Account switching is too much trouble

In a parallel for consumer complaints about the difficulty in changing super funds, a new survey has shown that a majority of people think switching banks is too much of a hassle. Fifty-four per cent of the 2000 respondents to a Research International ...

Fed Gloom

BENJAMIN ONG  |  WEDNESDAY, 16 JUL 2008
Market Movers Overnight (16 July) Fed Gloom US Federal Reserve Chairman Ben Bernanke's testimony before the US Congress last night catapulted the Australian dollar to a 25-year high in overnight trading. The Australian dollar broke above the US$0.9800 ...

This Week's Market Movers (14-18 July 2008)

BENJAMIN ONG  |  MONDAY, 14 JUL 2008
Macroeconomic indicators set for release this week are not expected to deviate from the ongoing global theme of slowing growth and higher inflation. Australia Reserve Bank of Australia (RBA) Governor Glenn Stevens address on the "Challenges for Economic ...

Mortgage arrears hit all-time high

ALEX DUNNIN  |  THURSDAY, 19 JUN 2008
Arrears in Australia for securitised mortgages increased to 1.45 per cent during April, its highest ever recorded level, said Standard & Poor's Ratings Services (S&PRS). Securitised mortgages are those 20 per cent of mortgages where the funding is sourced ...

Market Wrap - Midday

AAP  |  TUESDAY, 17 JUN 2008
... fell 60 cents to $135.60. Westpac dropped 32 cents to $21.38, Commonwealth Bank fell 65 cents to $41.19, National Australian Bank rose 28 cents to $27.83, ANZ advanced 14 cents to $19.54 and St George shed 17 cents to $28.88.