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Superannuation

NAB says it hopes to reopen FX desk soon

AAP  |  TUESDAY, 31 AUG 2004
National Australia Bank said today it hopes to reopen its foreign currency options trading desk soon after a major overhaul in the wake of the rogue trading scandal.

St George says proposing $2 bln securitisation issue

AAP  |  TUESDAY, 31 AUG 2004
St George Bank said it is proposing a global multi-currency mortgage backed securities issue under its Crusade securitisation program.

Challenger disappoints investors with big goodwill writedown

AAP  |  TUESDAY, 31 AUG 2004
The Kerry Packer-backed Challenger Financial Services Group on Monday reported its first net loss since incorporating, impacted by a massive writedown of goodwill.

Colonial Finance to sell 5-year bonds off $3bln issue program

AAP  |  TUESDAY, 31 AUG 2004
Colonial Finance said on Monday it would sell two tranches of five-year bonds off its $3 billion debt issuance program in fixed and floating rate formats.

St George says Thame to become chairman by end of year

AAP  |  MONDAY, 30 AUG 2004
St George Bank today announced it has appointed John Thame, who is currently on the board, as deputy chairman and that he will become the bank\'s new chairman at the end of the year.

Challenger flags share consolidation after writedown in FY04

AAP  |  MONDAY, 30 AUG 2004
Challenger Financial Services Group has flagged plans for a five into one share consolidation and is also targeting a dividend payout in 2004/05 after a massive writedown impacted earnings in 2003/04.

Westpac tops list in corporate responsibility: survey

AAP  |  MONDAY, 30 AUG 2004
Westpac Bank has topped the list in a new index of corporate responsibility, released on Saturday.

ANZ extends footprint in China

ANZ Bank this week announced its Shanghai branch has been granted an expansion to its renminbi licence by The China Banking Regulatory Commission allowing it to expand the trade-related services it can provide Chinese-owned enterprises.

Suncorp yr net profit up 61%

AAP  |  FRIDAY, 27 AUG 2004
Suncorp Metway today reported a 61% rise in year net profit and said underlying group profit should improve further in the 2004/05 year.

CBA prices September 2008 $500 mln MTN issue

AAP  |  FRIDAY, 27 AUG 2004
Commonwealth Bank of Australia has on Thursday priced a September 2008 $500 million medium term note (MTN) issue under its Commets program.