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Superannuation

Fatter profits at European banks could feed takeover ambitions

AAP  |  THURSDAY, 5 AUG 2004
European banks posting strong half-year results on the back of an economic rebound could begin looking for acquisitions even though fiscal and regulatory disparities would hamper cross-border mergers.

DDF in jv agreement with Westfield

AAP  |  WEDNESDAY, 4 AUG 2004
Deutsche Diversified Trust (DDF) has entered into a sale and acquisition joint venture agreements with the Westfield Group.

Rivkin vows to fight claims heading for the federal court

AAP  |  WEDNESDAY, 4 AUG 2004
Rivkin Financial Services (RFS) on Tuesday vowed to fight allegations that some share purchases in it were in breach of insider trading provisions, should they reach the federal court.

Elders Rural Bank posts fifth straight annual profit rise

AAP  |  TUESDAY, 3 AUG 2004
The Elders Rural Bank today reported its fifth consecutive increase in annual profit as its customer base continues to expand.

Incoming NAB chairman Chaney says he wants ego-free directors

AAP  |  TUESDAY, 3 AUG 2004
National Australia Bank chairman-in-waiting Michael Chaney wants an ego-free boardroom when he takes over the troubled bank in September next year.

Labor to support FTA with US

AAP  |  TUESDAY, 3 AUG 2004
The Labor Party will support the proposed free trade agreement with the United States after a crucial caucus meeting this morning voted in favour of the deal.

MYOB says it will focus on gap between accountants and business

AAP  |  TUESDAY, 3 AUG 2004
Newly merged business software provider MYOB said today it has set its sights on bridging the gap between accountants and business owners.

Aust federal politicians return to Canberra

AAP  |  TUESDAY, 3 AUG 2004
Federal politicians return to Canberra today for what could be their last two-week sitting before a federal election.

New disclosure laws for brokers and mortgage managers

Newly introduced legislation taking effect as of yesterday will require some finance brokers, mortgage managers and motor traders to enter a finance broking contract (FBC) with their customers, and to disclose commissions and other benefits.

NAB's Irish bank ordered to pay $110 mln in costs

AAP  |  MONDAY, 2 AUG 2004
National Australia Bank (NAB) has been slugged 64 million euro ($A110.6 million) in costs following a six-year investigation of its Irish subsidiary for tax evasion and overcharging of customers