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Superannuation

New president for ICA

The Insurance Council of Australia (ICA) has elevated Insurance Australia Group CEO Michael Hawker from deputy president to president for 2005.

$750 million off market share buyback for Telstra

AAP  |  MONDAY, 15 NOV 2004
Telstra Corp Ltd today said it had completed a $750 million off market share buyback.

ASIC liquidates Australian - based Malaysian bank

He complied an additional report to the court and ASIC confirming ASIC's findings and also noting Commercial IBT had changed its name to Kantoch the day before ASIC's earlier application, proper books and records of the company were not provided to the ...

CBA first investment with Laing

Commonwealth Bank of Australia has committed to its first joint venture investment with UK based John Laing after taking a 50 per cent stake in the Newham University Hospital PFI project.

S&P revises Fairfax from BBB to stable

S&P has revised its rating on Fairfax from BBB to stable. The rating was revised due to the debt reduction efforts Fairfax has undertaken, its effective integration of New Zealand based Independent Newspapers and the strong performance of these acquired ...

Bravura to acquire CSC wealth management business

Bravura Solutions has signed an agreement to acquire the wealth management business of CSC, provider of industry IT applications to near 70 business in Australia and overseas.

ConnectEast IPO oversubscribed

The Joint Lead Managers have decided to implement a scale-back of retail applications for the $1.12 billion ConnectEast initial public offer (IPO) after it closed oversubscribed on November 4.

In the end it's all about relationships

Today's banking environment is all about relationships according to latest research from East & Partners.

NAB becomes first big bank to post 2004 profit fall

AAP  |  WEDNESDAY, 10 NOV 2004
National Australia Bank today became the first of the Australia's big banks to report a fall in 2004 annual net profit and said the result reflected problems that had been accumulating for years.

Westpac top in social responsibility

Westpac was the only company to earn an AAA rating from independent ratings agency RepuTex's research program to assess Australia's top 100 companies in the areas of corporate governance, workplace practices, social impact, and environmental impact.