Euro zone worries hit closer to home
(25 May 2011 – Australia) The big four Australian banks suffered their biggest one-day fall in almost 12 months on Monday, sliding two percent, slicing over A$9 billion […]
(25 May 2011 – Australia) The big four Australian banks suffered their biggest one-day fall in almost 12 months on Monday, sliding two percent, slicing over A$9 billion […]
(24 May 2011 – Australia) ANZ chief executive officer Mike Smith has warned that the bank may face higher funding costs as sovereign debt roils markets.”Europe frankly shows […]
(16 May 2011 – New Zealand) Bank of New Zealand (BNZ) reported cash earnings of NZ$283 million (A$210 million) for the six months to 31 March 2011.The result […]
(12 May 2011 – Australia) The Commonwealth Bank (CBA) turned in third-quarter earnings of A$1.7 billion taking the group’s cash profits for the 2011 year to date to […]
(12 May 2011 – Global) In order to save US$2.5-3.5 billion (A$2.7-3.7 billion) HSBC launched cost cuts in order to redeploy capital throughout its world markets.A strategic review […]
(11 May 2011 − Global) Both costs and profits increased in HSBC’s first-quarter results with a net profit of US$4.15 billion (A$3.85 billion).The net profit is up 58 […]
(9 May 2011 – Australia) Westpac indicated it will not be raising monthly mortgage payments for home owners in the immediate future, instead focusing on a recovery in […]
(9 May 2011 – Australia) The Australian Bankers’ Association (ABA) came out in support of the country’s banks record profits, saying it is crucial for Australia’s economic stability.ABA […]
(6 May 2011 – Australia) Westpac, Australia’s second largest bank beat analysts’ forecasts with cash earnings of A$3.17 billion and a record A$3.96 billion net profit – up […]
(6 May 2011 − Australia) National Australia Bank (NAB) had a 22 percent rise in first-half cash profit, beating expectations despite offering lower interest rates on home and […]