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Showing 421 - 430 of 499 results for "Bank SA"

NAB head of foreign exchange resigns

AAP  |  THURSDAY, 18 MAR 2004
National Australia Bank Ltd (NAB), stung by $360 million in forex trading losses, yesterday said the head of its global foreign exchange division, Peter Cunningham, has resigned. NAB sacked five foreign exchange traders, while three senior executives ...

Fed leaves US rates unchanged, pledges patience

AAP  |  WEDNESDAY, 17 MAR 2004
The US Federal Reserve opted today to keep interest rates at 1958 lows and signalled it was in no hurry to raise borrowing costs with job creation so sluggish and inflation tame. The unanimous decision by the rate-setting Federal Open Market Committee ...

First Mortgage launches mortgage securitisation program

AAP  |  TUESDAY, 16 MAR 2004
First Mortgage Group launched a $400 million residential mortgage backed securitisation issue, for which Macquarie Bank is the arranger and lead manager. This is the second public issue out of the Firstmac Mortgage Securitisation Programme, following ...

NAB report reveals critical weaknesses

WITH AAP  |  FRIDAY, 12 MAR 2004
A report released today into the National Australia Bank's (NAB) foreign exchange scandal revealed critical weaknesses in the bank's culture, governance and risk frameworks. Following the release of the PriceWaterhouseCoopers (PWC) report, NAB announced ...

Macquarie to take up to 16% stake in IBA

AAP  |  FRIDAY, 12 MAR 2004
Australian investment bank Macquarie Bank said it had agreed with Torex to acquire more than 12 million IBA Health shares, conditional on the completion of the iSoft/IBA Settlement Agreement. At the completion of the deal, Macquarie will hold about ...

Commonwealth Bank launches eight RMBS issue

AAP  |  THURSDAY, 11 MAR 2004
The Commonwealth Bank of Australia has launched its eighth residential mortgage backed securities (RMBS) issue into the domestic and global markets in a deal with a mix of three currencies and a total value of $3.5 billion. The transaction consists ...

Bank of Scotland prices $225 million MTN

AAP  |  TUESDAY, 9 MAR 2004
Bank of Scotland International (Australia) Ltd (BOSIAL) today announced the pricing of a $225 million Medium Term Note (MTN) maturing November 15 2006. The bank said the issue was sized up from the $200 million offered at launch and was priced at 14 ...

RBA widens repo net

AAP  |  FRIDAY, 5 MAR 2004
The Reserve Bank of Australia said it would broaden the range of securities it accepted under repurchase agreements in a move that is expected to benefit fixed income markets. The central bank said that, as of March 15, it would widen the range of securities ...

Westpac comfortable with market expectations

AAP  |  MONDAY, 1 MAR 2004
Westpac Banking Corp said today that it was comfortable with market expectations for the 2004 financial year as it met with institutional investors. At the same time the bank said that cash earnings for all business units in the year to date are ahead ...

Bank of Queensland to raise $90 million through share issue

AAP  |  TUESDAY, 24 FEB 2004
Bank of Queensland Ltd said today it would raise $90 million via a share issue and also expects first half net profit between $26 and $28.5 million. The bank said that it was seeking to raise up to $90 million in new capital in the form of both an ordinary ...