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| | | The Australian share market had edged into positive territory at noon, as the market reversed some of Friday's losses. At 1200 AEDT, the benchmark S&P/ASX200 index was up 9.7 points, or 0.21 per cent, at 4,579.3 points, while the broader All Ordinaries ... |
| | | | ... buyout last October. Last year's buyout saw CBA purchase BankWest and formerly HBOS-owned wealth management business St Andrew's Australia for $2.1 billion. A spokesperson confirmed that no financial planners were made redundant during and after the ... |
| | | | ... model dramatically it makes the acquisition so much harder." Commonwealth Bank announced it had bought BankWest and St Andrew's Australia for $2.1 billion but it is determined the carry a substantial surplus capital and noted it is in high level, exploratory ... |
| | | | ... this morning of its agreement to purchase two local arms of UK bank HBOS, retail banker BankWest and wealth manager St Andrew's, for $2.1 billion. CBA last traded at $45.15. ANZ Banking Group dropped $1, or 5.51 per cent, to $17.15 and National Australia ... |
| | | | The Commonwealth Bank of Australia has purchased BankWest and St Andrew's Australia for $2.1 billion. Commonwealth Bank is determined to keep its strong capital position and intends to fund the purchase price by undertaking a $2 billion accelerated ... |
| | | | West Australian super fund GESB hired Fabian Ross as head of wealth management and Martin Hedley as head of strategy. Prior to joining the super fund, Ross spent 18 years at the Commonwealth Bank managing the financial planning division before joining ... |
| | | | Despite growing evidence that Australian equities are cheaper due to the credit crisis, there are more fund managers parking their funds in cash today compared to three months ago. Russell's quarterly Australian Investment Manager Outlook (IMO) survey ... |
| | | | ... the sector." To encourage more people to become planners, the company is to embark on an extensive marketing campaign. St Andrew's will provide infrastructure support for all advice models including paraplanning, compliance and training, in an effort ... |
| | | | ... apply online or over the phone. The super fund will be issued by HBOS Australia's insurance and investments division, St Andrew's, and sold through BankWest. BankWest claims Lite Super is 40 per cent cheaper than the average personal superannuation fund ... |
| | | | Debt is becoming a colossal problem in Australian and we seem to be losing the battle to pay it as defaults across credit card debt, personal loans and mortgages have risen nationally by 35.5 per cent. In their latest study, based on 14million-plus ... |
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