Tag: Banking
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]
Commonwealth Bank's record profit
The Commonwealth Bank has pulled in a record profit of $5.66 billion, a 20 per cent increase on last financial year.[MORE]
NAB profit up, rates on hold for now
NAB's cash earnings for the June quarter were approximately $1.1 billion, and its chief executive says its rates are on hold for now.[MORE]
ACCC to consider NAB's revised AXA bid
The ACCC has commenced market consultation on undertakings from NAB intended to address concerns about its proposed takeover of AXA Asia Pacific.[MORE]
Bendigo and Adelaide Bank profit trebles
Bendigo and Adelaide Bank has reported a massive increase in its full-year profit.[MORE]
Banks push loans to unemployed: report
A new report says Australia's banks are aggressively pushing debt onto low-income earners and even the unemployed.[MORE]
Greens want ban on ATM bank fees
The Greens say they will try to stop the big four banks from charging unnecessary fees. [MORE]
AXA profit slides 19pc
AXA Asia Pacific's first-half profit has fallen 19 per cent compared to the same time last year.[MORE]
Services in the doldrums as stimulus wanes
The Australian services sector shrank for the third month in a row in July, as higher rates and waning government stimulus bite.[MORE]
UK fury at bank profits
British banks have begun reporting their profits, with HSBC announcing that its earnings have more than doubled in the first six months of the year.[MORE]
Borrowing stalls on housing slowdown
Australians took out home loans at the slowest rate on record in June, while the amount of personal borrowing dropped, and there was no change in the amount businesses borrowed.[MORE]
