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Superannuation

Structural change strengthens regional bank credit ratings

AAP  |  THURSDAY, 8 APR 2004
Structural change in the risk profile of Australia's regional banks since the 1990s has strengthened their credit ratings, a new report has shown.

Challenger to acquire Associated Planners Group

AAP  |  WEDNESDAY, 7 APR 2004
Challenger Financial Services Group looks set to acquire Associated Planners Group, to create one of the largest financial planning businesses in Australia.

NAB outlines board renewal program

AAP  |  WEDNESDAY, 7 APR 2004
National Australia Bank chairman Graham Kraehe has said that two new appointments to the bank's board would be announced within months.

ABN Amro buys 50% stake in Absolute Capital

AAP  |  WEDNESDAY, 7 APR 2004
ABN Amro has acquired a 50% in Absolute Capital Group, a Sydney-based fund manager, the bank said in a statement yesterday.

NAB chief executive rules out UK and Irish sell-off

AAP  |  TUESDAY, 6 APR 2004
New National Australia Bank chief executive John Stewart has reportedly scuttled renewed speculation the group was thinking of selling its United Kingdom and Irish operations.

Asset Backed to buy China phosphate operation for $6.4 million

AAP  |  TUESDAY, 6 APR 2004
Listed investment group Asset Backed Holdings said it plans to buy a phosphate rock operation and chemical plant in China for $6.4 million.

Westpac completes $US525 million tier one securities offer

AAP  |  TUESDAY, 6 APR 2004
Westpac Banking Corporation said today it had closed its offer of $US525 million tier one hybrid capital securities.

ASIC invites comment on CLERP 9 guidance papers

AAP  |  TUESDAY, 6 APR 2004
The investment watchdog has invited comment on three guidance papers on new audit rules included in the government's CLERP 9 proposals.

QBE could be close to acquisitions

AAP  |  MONDAY, 5 APR 2004
Global insurer QBE Insurance Group could be on the verge of a significant acquisition, saying on Friday its earnings were tracking ahead of expectation in 2004.

Soul Pattinson and Pitt Capital invest in new merchant banker

AAP  |  MONDAY, 5 APR 2004
A new merchant banker in South Australia has gained the backing of investment group Washington H Soul Pattinson & Company.