Country: Australia

CBA eyes New Zealand bank…sheds jobs

(Australia) Speculation is rife that Commonwealth Bank of Australia is likely to go head-to-head with ANZ in a $5 billion...

Mergers & Acquisitions, Operations

Bank of New Zealand, CBA, National Bank of New Zealand

Australia, New Zealand

New chairman at Morgan Stanley Australia

(Australia) Morgan Stanley has appointed Harrison Young as chairman of the investment bank’s Australian operations.Young arrives in Australia after a...

Executive Changes

Morgan Stanley

Australia

ANZ pulls plug on Thai venture

(Australia) ANZ has ended several months of speculation by announcing it will not be proceeding with an investment in Thai...

Investment

ANZ, Thai Military Bank

Australia

CBA turns EFTPOS terminals in ‘virtual stores’

(Australia) Retailers can now generate extra sales of electronic products from their EFTPOS terminals following the roll-out of the Commonwealth...

e-Banking

CBA

Australia

Suncorp announces GI shareholder funds returns

(Australia) Suncorp-Metway has told investors that pre-tax returns on general insurance shareholders funds for the six months to June 2003...

Financial Results

Suncorp Metway

Australia

ANZ strikes deal with Kaz for cheque processing

(Australia) ANZ has struck a joint venture with outsourcing specialist Kaz Group to offer cheque processing technology and services to...

Joint Ventures, Operations

ANZ

Australia, USA

BankWest to head east

(Australia) HBOS has told BankWest that it must develop “interstate strategies” once it has completed its take-over of the West...

Mergers & Acquisitions

BankWest, HBOS

Australia

Strategy not unreality for wealth managers, says PwC

(Australia) Private banks/wealth managers should concentrate on achieving sustainable, long-term growth and avoid setting unrealistic growth targets, according to PricewaterhouseCoopers...

Market share, Research

Uncategorized

Australia, Hong Kong, Singapore