Tag: Banking
Tanner moves from Parliament to private equity
Former finance minister Lindsay Tanner has been appointed special adviser to the Australian arm of global corporate advisory firm Lazard.[MORE]
UK watchdog fines Goldman Sachs $29m
A British watchdog has hit Wall Street bank Goldman Sachs with a fine of 17.5 million pounds ($29 million) for information failures tied to US fraud charges.[MORE]
AXA shares plunge after NAB bid blocked
The ACCC has maintained its opposition to National Australia Bank's proposed takeover of AXA Asia Pacific.[MORE]
NT home loan value lowest in two years
The value of home loans taken out by owner-occupiers in the Northern Territory has dropped to its lowest level since March 2008.[MORE]
Homebuyers confident despite repayment problems
A new private sector measure shows home buyer confidence has returned to near pre-global financial crisis levels, despite a fifth of first-time borrowers struggling with repayments.[MORE]
Banks offer relief for flood victims
The Australian Bankers' Association says disaster relief packages are available for people affected by the floods across Victoria.[MORE]
New Bank SA managing director appointed
Jane Kittel has been named managing director of Bank SA, to take over from Rob Chapman.[MORE]
Reserve expected to hold fire
The Reserve Bank is widely expected to leave official interest rates on hold today, as it surveys an uncertain global outlook.[MORE]
Macquarie shares slide on profit warning
Macquarie Group says its first-half profits will be down significantly on last year because of the tough global market conditions.[MORE]
Armed police monitor run on Kabul Bank
Armed police in pick-up trucks have been stationed outside the main branch of Kabul Bank, as customers continue to withdraw money amid fears it may collapse. [MORE]
Britain no basket case says trade envoy
A British trade envoy says the UK is open for business, despite continuing concerns about the health of its economy.[MORE]
Retail and building bounce offset stagnant lending
A surprise bounce in retail sales and building approvals has boosted optimism about Australia's economy on financial markets.[MORE]
'The end is always near' Reserve warns
A senior RBA official quoted The Doors to explain the role of unexpected events in the global financial crisis.[MORE]
Mining, media conglomerate Seven posts profit
Seven Group Holdings has announced a profit of $718 million for the two month period from late April to the end of June.[MORE]
Suncorp profit surges
Suncorp has more than doubled its annual profit with significant growth in its general insurance arm.[MORE]
Westpac says profit, funding costs rise
Westpac has announced a cash profit of $1.4 billion for the three months to the end of June.[MORE]
ANZ warns of slow growth ahead
ANZ announces a solid increase in its third-quarter profit but says the outlook for the global economy remains 'unusually uncertain'.[MORE]
AMP profit below expectations
Wealth management firm AMP has announced a first-half net profit of $425 million.[MORE]
ACCC boss exits NAB-AXA call on conflict
The ACCC chairman Graeme Samuel has recused himself from deliberations over NAB's proposed takeover of AXA Asia Pacific due to potential conflicts of interest.[MORE]
Coalition infrastructure plan 'a drop in the ocean'
A leading economist says the Coalition's infrastructure proposal will do nothing to help worthwhile, but unprofitable, projects get up.[MORE]
RBA chief calls for 'less exciting' finance
Reserve Bank governor Glenn Stevens weighed into the debate over financial reform, saying the industry needs to be less exciting and more responsible.[MORE]
Interest rates 'appropriate' as super-saver evolves
The RBA says it is comfortable with current interest rates which are driving households to greater saving and less property speculation.[MORE]
Labor outlines credit card changes
The Federal Government has promised new measures to protect credit card holders against being ripped off.[MORE]
Govt action needed to end bank 'stranglehold'
Consumer groups say the Commonwealth Bank's record $5.7 billion profit is evidence the Federal Government needs to step in to improve competition.[MORE]
Lending finance slumps in June
A renewed slump in business borrowing has dragged down the value of loans taken out in June.[MORE]
