Tag: Banking

Britain no basket case says trade envoy

September 3, 2010 11:41:00

A British trade envoy says the UK is open for business, despite continuing concerns about the health of its economy.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, finance-markets, trade, international-financial-crisis, united-kingdom

Retail and building bounce offset stagnant lending

August 31, 2010 12:04:00

A surprise bounce in retail sales and building approvals has boosted optimism about Australia's economy on financial markets.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, building-and-construction, housing, retail, international-financial-crisis, money-and-monetary-policy, australia

'The end is always near' Reserve warns

August 31, 2010 10:49:00

A senior RBA official quoted The Doors to explain the role of unexpected events in the global financial crisis.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, business-regulation, international-financial-crisis, australia, united-states

Mining, media conglomerate Seven posts profit

August 25, 2010 10:37:00

Seven Group Holdings has announced a profit of $718 million for the two month period from late April to the end of June.[MORE]

Tags: business-economics-and-finance, company-news, banking, building-and-construction, media, mining, australia

Suncorp profit surges

August 25, 2010 10:00:00

Suncorp has more than doubled its annual profit with significant growth in its general insurance arm.[MORE]

Tags: business-economics-and-finance, company-news, banking, insurance, money-and-monetary-policy, australia, qld

Westpac says profit, funding costs rise

August 23, 2010 09:50:00

Westpac has announced a cash profit of $1.4 billion for the three months to the end of June.[MORE]

Tags: business-economics-and-finance, company-news, banking, australia

ANZ warns of slow growth ahead

August 20, 2010 09:45:00

ANZ announces a solid increase in its third-quarter profit but says the outlook for the global economy remains 'unusually uncertain'.[MORE]

Tags: business-economics-and-finance, company-news, economic-trends, banking, international-financial-crisis, money-and-monetary-policy, australia

AMP profit below expectations

August 19, 2010 10:00:00

Wealth management firm AMP has announced a first-half net profit of $425 million.[MORE]

Tags: business-economics-and-finance, company-news, banking, australia

ACCC boss exits NAB-AXA call on conflict

August 18, 2010 10:22:00

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]

Tags: business-economics-and-finance, banking, retail, business-regulation, takeovers, australia

Coalition infrastructure plan 'a drop in the ocean'

August 18, 2010 07:17:00

A leading economist says the Coalition's infrastructure proposal will do nothing to help worthwhile, but unprofitable, projects get up.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, building-and-construction, federal-government, federal-elections, australia

RBA chief calls for 'less exciting' finance

August 17, 2010 22:15:00

Reserve Bank governor Glenn Stevens weighed into the debate over financial reform, saying the industry needs to be less exciting and more responsible.[MORE]

Tags: business-economics-and-finance, industry, banking, business-regulation, australia, wa, crawley-6009

Interest rates 'appropriate' as super-saver evolves

August 17, 2010 11:47:00

The RBA says it is comfortable with current interest rates which are driving households to greater saving and less property speculation.[MORE]

Tags: business-economics-and-finance, economic-trends, industry, banking, superannuation, australia

Labor outlines credit card changes

August 15, 2010 11:26:00

The Federal Government has promised new measures to protect credit card holders against being ripped off.[MORE]

Tags: business-economics-and-finance, consumer-finance, consumer-protection, industry, banking, government-and-politics, elections, programs-and-initiatives, federal-election, gillard-julia, federal-elections, australia

Govt action needed to end bank 'stranglehold'

August 11, 2010 19:47:00

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]

Tags: business-economics-and-finance, company-news, banking, international-financial-crisis, money-and-monetary-policy, australia

Lending finance slumps in June

August 11, 2010 14:37:00

A renewed slump in business borrowing has dragged down the value of loans taken out in June.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, retail, international-financial-crisis, money-and-monetary-policy, australia

Commonwealth Bank's record profit

August 11, 2010 09:23:00

The Commonwealth Bank has pulled in a record profit of $5.66 billion, a 20 per cent increase on last financial year.[MORE]

Tags: business-economics-and-finance, company-news, banking, international-financial-crisis, money-and-monetary-policy, australia

NAB profit up, rates on hold for now

August 10, 2010 09:35:00

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]

Tags: business-economics-and-finance, company-news, banking, international-financial-crisis, money-and-monetary-policy, australia

ACCC to consider NAB's revised AXA bid

August 9, 2010 10:20:00

The ACCC has commenced market consultation on undertakings from NAB intended to address concerns about its proposed takeover of AXA Asia Pacific.[MORE]

Tags: business-economics-and-finance, company-news, banking, takeovers, australia

Bendigo and Adelaide Bank profit trebles

August 9, 2010 09:22:00

Bendigo and Adelaide Bank has reported a massive increase in its full-year profit.[MORE]

Tags: business-economics-and-finance, company-news, banking, international-financial-crisis, australia, adelaide-5000, bendigo-3550

Banks push loans to unemployed: report

August 6, 2010 14:07:00

A new report says Australia's banks are aggressively pushing debt onto low-income earners and even the unemployed.[MORE]

Tags: business-economics-and-finance, consumer-finance, consumer-protection, banking, money-and-monetary-policy, australia

Greens want ban on ATM bank fees

August 6, 2010 12:36:00

The Greens say they will try to stop the big four banks from charging unnecessary fees. [MORE]

Tags: banking, elections, greens, brown-bob, australia

AXA profit slides 19pc

August 4, 2010 10:00:00

AXA Asia Pacific's first-half profit has fallen 19 per cent compared to the same time last year.[MORE]

Tags: business-economics-and-finance, company-news, banking, australia

Services in the doldrums as stimulus wanes

August 4, 2010 09:32:00

The Australian services sector shrank for the third month in a row in July, as higher rates and waning government stimulus bite.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, hospitality, retail, tourism, international-financial-crisis, money-and-monetary-policy, australia

UK fury at bank profits

August 3, 2010 08:23:00

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]

Tags: business-economics-and-finance, industry, banking, united-kingdom

Borrowing stalls on housing slowdown

July 30, 2010 15:27:00

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]

Tags: business-economics-and-finance, economic-trends, banking, housing, retail, international-financial-crisis, money-and-monetary-policy, australia