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Superannuation

ANZ receives RBNZ agreement for amalgamation of NBNZ

ANZ Bank today announced it had received written advice from the Reserve Bank of New Zealand confirming its forthcoming consent for legal amalgamation of ANZ New Zealand and The National Bank of New Zealand (NBNZ).

Competition leaving little room for bank fee hikes, says Westpac

Competitive intensity among banks was leaving little room for lifting bank fees, Westpac Banking Corp chief executive David Morgan said [on Sunday].

Banking chiefs extra vigilant after NAB scandal

No bank can assume there will never be an error but big losses signified a fairly significant breakdown of controls, Westpac Banking Corp head David Morgan said [on Sunday].

Bank of Qld withdraws from mortgage mkt; affirms FY04 growth

Bank of Queensland said today that it would withdraw from the mortgage broker market and reaffirmed its growth forecasts for the 2004 financial year.

News Corp in talks with Liberty ? Now clearer and muddier

AAP  |  FRIDAY, 7 MAY 2004
Are they in talks? Are they not?Apparently they are.A fortnight ago Liberty Media's John Malone told the UK's Financial Times newspaper he was in "fairly active" talks with Rupert Murdoch about buying some of News Corp's media businesses.

Shareholders, super funds welcome Walter's decision to exit NAB board

AAP  |  FRIDAY, 7 MAY 2004
Shareholders and superannuation funds today welcomed an announcement that dissident National Australia Bank director Cathy Walter would resign.

Murdoch raises News Corp forecast, hints at higher dividend

AAP  |  FRIDAY, 7 MAY 2004
Rupert Murdoch's News Corp has pumped up its full-year forecast after a surge in DVD sales and strong results from newspaper and TV operations lifted the media conglomerate's third quarter profit 30%.

Just Group IPO falls short of hoped-for price

AAP  |  THURSDAY, 6 MAY 2004
Just Group Ltd, which lists on the Australian Stock Exchange tomorrow, has fallen well short of it indicative range of $2.25-$2.60 per share with investors instead paying $2.10 per share.

S&P assigns BBB/stable ratings to Alinta Co-generation

AAP  |  THURSDAY, 6 MAY 2004
Standard & Poor's Ratings Services said today it has assigned its BBB/Stable long-term issue rating and outlook to Alinta Co-generation (Pinjarra) $118 million project finance bank-loan.

S&P says Leighton profit downgrade within ratings guide

AAP  |  THURSDAY, 6 MAY 2004
Standard & Poor's said today that Leighton Holdings results for the nine months to March 31, 2004, were disappointing, but can be accommodated within the BBB-plus corporate credit rating.