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| | | ... awards for 2006 at The Asian Banker Magazine's Excellence in Financial Services Awards in Shanghai. Westpac beat over 140 banks and finance companies in 22 countries across the Asia-Pacific region, as part of the Excellence in Retail Financial Services ... |
| | | | Australian stocks have extended their slide, with interest rate fears cutting into banks, commodity prices putting pressure on resource plays and a weak lead from Wall St also dampening sentiment. At 1200 AEST, the benchmark S&P/ASX200 Index shed 100 ... |
| | | | ... to its lowest close in a month in choppy trade as the prospect of higher interest rates spooked investors, with insurers, banks and real estate stocks weighing most. The FTSE ended 0.27 per cent or 17.6 points lower at 6,505.1. FRANKFURT - The DAX index ... |
| | | | ... BHP Billiton was down 29 cents to $32.77, Rio Tinto had fallen $1.98 to $93.12 and Alumina was five cents lower at $7.88. Banks also were down at 1204 AEST, with Commonwealth Bank 56 cents lower at $54.06, National Australia Bank down 40 cents at $40.77 ... |
| | | | ... government data showed gasoline stockpiles rose more than analysts had forecast. Rate-sensitive sectors such as utilities and banks also pulled the major indices lower after an interest-rate rise by the European Central Bank underscored the trend of ... |
| | | | ... increase in the gauge since March 2006. "That gives people confidence in the retail sector but it also has supported the banks," Mr Halliday said. At 1202 AEST the big four banks all were trading higher, with National Australia Bank up 25 cents to $41.82 ... |
| | | | ... 70 per cent in 1966. Looking to the future, Norman said he expected Australia's superannuation sector to overtake the big banks in ten years' time, with $5 trillion in assets under management, versus $4.8 trillion for the banks. Meanwhile, Perpetual's ... |
| | | | ... was 65 points higher at 6328 on a volume of 14,508 contracts. "You've got your three resources stocks and your four big banks - whilst they're strong, the rest of the market will follow," Bell Potter analyst Stuart Smith said. "It's keeping the configuration ... |
| | | | ... insurance at Westpac and BT Financial Group, said he expected to be able to get his cross-sell rates higher. "We have seen some banks in Europe achieve 80 per cent cross-sell with mortgages and home and contents insurance. We don't think we can get that ... |
| | | | 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 ... |
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