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Country: Australia

NAB Europe chief quits

(Australia) – National Australia Bank’s European chief, Steve Targett, has resigned to join Britain’s Lloyds TSB bank.Mr. Targett, who was...

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ANZ in Philippines cards JV

(Australia) – ANZ Banking Group has announced a deal with the Philippines largest bank, Metropolitan Bank and Trust Co, to...

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Westpac to spend A$200 million on CRM

(Australia) – Australia’s Westpac Banking Corp will spend A$200 million on a new customer relationship management (CRM) system.The new system,...

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JP Morgan Chase sells Oz private equity unit

(Australia) – Global banking giant JP Morgan Chase has quit the management of its stake in Australia’s A$5 billion private...

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CBA refers risky borrowers to Bluestone

(Australia) – The Commonwealth Bank of Australia has announced a deal with mortgage lender Bluestone to refer rejected mortgage applicants.Applicants...

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Australian Corporate Banking Starts Consolidation

Australia’s Top 500 Corporates are beginning to tire of efforts by their bankers to cross-sell new products as the market...

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New chief for Colonial First State

(Australia) – Commonwealth Bank of Australia has appointed a new chief for its Colonial First State Wealth Management Division, announcing...

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Packer group in A$1 billion financial services bid

(Australia) – Kerry Packer’s investment company Consolidated Press Holdings Investment Corp (CPH) has announced a takeover bid for Packer’s financial...

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S&P gives NAB ratings thumbs-up

(Australia) – National Australia Bank has moved beyond the HomeSide debacle and improved its risk management strategies, says Standard &...

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Macquarie in more Korea moves

(Australia) – Macquarie Bank continues to move into Korea, with the announcement of plans to establish a A$150 million property...

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