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| | | ... cut their deposit ratings from AA2 to AA3. Bank financial strength ratings were downgraded from C+ to C for all of the big four banks except ASB Bank which remained at C+. A stable outlook was issued for all ratings and there was no impact on the backed ... |
| | | | ... in Europe. "That's affecting our banks negatively because they borrow money offshore." National Australia Bank led the big four lenders lower, losing 44 cents, or 1.66 per cent, to $26.05. Commonwealth Bank fell 76 cents, or 1.49 per cent, to $50.16 ... |
| | | | ... Spain, or even Italy, may be dragged into the turmoil that has already seen three euro countries bailed out. Three of the big four retail banks were down more than one per cent. CBA was down 67 cents at $50.75, NAB had eased 41 cents to $26.25 and Westpac ... |
| | | | ... until the fund finds a replacement. Moody's cut credit ratings on the long-term senior unsecured debt of Australia's big four banks from AA1 to AA2 despite average profits margins exceeding 30 per cent. The downgrade came on the basis of structural sensitivity ... |
| | | | Australia's bank profit margins exceeded 25 per cent with the big four earning more than 80 per cent of total interest income, the Australian Prudential Regulation Authority said in its Quarterly Bank Performance Statistics report today. The big four ... |
| | | | ... commodities prices," Mr Walker said. BHP Billiton added 18 cents to $46.63 and Rio Tinto firmed 54 cents to $83.99. The big four banks also were key beneficiaries of investors' expectations of rising interest rates, with Commonwealth Bank leading the ... |
| | | | ... Cameron Clyne was looking closely at expansion in the UK, while Fitch Ratings has affirmed its ratings for Australia's big four banks. At 1200 AEST, the spot price of gold in Sydney was $US1,476.70 per ounce, up $14.80 from Thursday's local close of ... |
| | | | ... trillions of dollars in the decades ahead. The industry super fund sector is now stepping into the same arena as the big four banks, which have long had well-resourced policy teams. Government relation roles have always existed in the commercial sector ... |
| | | | ... Australian equities component fell from 18.5 per cent to 11 per cent of its total assets. It owns large holdings in the big four banks, BHP Billiton and Rio Tinto, QBE Insurance, Suncorp-Metway, Wesfarmers and CSL. In February this year, the Future Fund ... |
| | | | ... at noon, turning around from losses at the open. Among the financials, Commonwealth Bank was the only bank among the big four that remained down, off two cents at $51.67. Westpac was up 13 cents at $23.35, ANZ had gained 12 cents at $23.61, and NAB was ... |
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