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| | | The Australian stock market fell sharply today, losing three per cent of its value, as nervous investors dumped banking stocks amid signs the US sub-prime mortgage crisis is getting worse. Stocks in the US slid almost two per cent last night after data ... |
| | | | ... Australia, the Morgan Stanley FX Alpha Fund aspires to target a gross annualised return of four per cent above the UBS Australian bank bill index, with an estimated value at risk (VaR) of four per cent. The Morgan Stanley FX Alpha Plus Fund will aim ... |
| | | | As competition in Australian banking continues to intensify, ANZ bank is adopting new technologies in India to lead the pack, according to Mike Smith, ANZ's chief executive. Speaking at the Trans-Tasman Business Circle yesterday, Smith said in terms ... |
| | | | Insurers and fund managers can shorten the time it takes to develop and market new investment products after a new Polaris software testing centre sets up shop in Sydney. The leading finance IT provider has set up a new specialist software testing lab ... |
| | | | France may be broke according to its Prime Minister, who has been airing his financial dirty linen in Corsica, but Australia by all reports is a fiscal high achiever. During a trip to Corsica, France's Prime Minister, Francois Fillon made the unpopular ... |
| | | | The Australian stock market has been buoyed by a big cut in interest rates in the United States which has helped ease fears that the US economy could slip into recession. In early trading today, the Australian stock market had lifted by more than two ... |
| | | | The Australian Bankers' Association (ABA), Financial Planning Association (FPA) and the Investment & Financial Services Association (IFSA) have updated their consumer financial literacy guide - Smarter Super - Invest in your future and make the most ... |
| | | | Westpac chief executive David Morgan has lambasted the government's 'four pillars policy', suggesting it would only make the country's four largest banks, Commonwealth Bank, ANZ, NAB and Westpac more vulnerable to foreign ownership. Speaking at the ... |
| | | | It would be an understatement to say that Australian banks have been doing well, but there are increasing murmurs among banking analysts that the market is overpriced and exposed to an increased risk of bad debts. While so far this year Australian banks ... |
| | | | New Zealand government-owned bank Kiwibank yesterday pleaded guilty to breaching the Fair Trading Act while a banking group recently appointed as a KiwiSaver default fund is also under investigation. The case concerns banks which failed to properly ... |
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