CBA writes off A$426 million on Colonial
(Australia) – Australia’s second-ranked Commonwealth Bank of Australia (CBA) wrote down the value of its Colonial First State funds management arm by a lower-than-expected A$426 million in its […]
(Australia) – Australia’s second-ranked Commonwealth Bank of Australia (CBA) wrote down the value of its Colonial First State funds management arm by a lower-than-expected A$426 million in its […]
(Malaysia) – Malaysia’s largest bank, Malayan Banking – or Maybank – has announced a 19 percent profit rise to 897.8 million ringgit (US$236 million) for the six months […]
(Australia) – Emerging regional player Bendigo Bank has posted a 30 percent rise in half-year profit to A$25.4 million, but its expenses grew as much as its revenue, […]
(Hong Kong) – Bad debts, particularly from its credit card operation, have seen Hong Kong’s leading Bank of East Asia post a 19 percent fall in full year […]
(Australia) – Australia’s second ranked Commonwealth Bank of Australia is set to write down the value of its Colonial First State funds management business by as much as […]
(Australia) – Regional banking player Adelaide Bank has reported a better-than-expected A$22.5 million profit for the last six months of 2002, up 22 percent on the same period […]
(South Korea) – Korea’s biggest consumer lender, Kookmin Bank, is expected to post a net loss for the final quarter of 2002 as a result of higher provisioning.Kookmin, […]
(Australia) – The newly merged wealth management operations of Westpac showed outflows equivalent to A$16 million a day in the final quarter of 2002, according to a report […]
(Australia) – A major write-down of funds management arm Colonial is expected to figure in first half earnings from the Commonwealth Bank of Australia, which are due to […]
(Australia) – Shares in the ANZ Banking Corp hit 15-month lows last week on concerns the bank has up to A$225 million of exposure to troubled US pipeline […]