Gunns shares drop on ANZ pullout reports
May 23, 2008
Gunns' shares have fallen sharply in early trade on the back of reports the ANZ Bank will not fund the controversial $2 billion Tasmanian pulp mill.
Another pile-up as bad lending practices exposed
Mr Smith, what a mess. The ANZ Banking Group has taken a commanding lead in the race for line honours to determine the bank most likely to end the decade in disgrace.
ANZ says provisions seen rising to A$1.2 bln in H2 (Reuters)
Reuters - ANZ bank , Australia's third-biggest lender, issued a profit warning on Monday, forecasting more than $1 billion in bad debt charges, as the global credit crisis started to hurt the country's previously buoyant banks.
ANZ Bank pipped in Hong Kong bank bid
China Merchants Bank pips ANZ Bank as the preferred bidder for Hong Kong's Wing Lung Bank.
05/23/08
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Westpac ups its rate
Westpac raised its lending rates by 0.10 percentage points today, following the lead of ANZ Bank and NAB.
04/28/08
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Legal action not over on Opes share sale
More companies are foreshadowing legal action in relation to the Opes Prime collapse and the ANZ Banking Group sell-down of shares.
Opes investors lose sale halt bid
A group of investors in failed brokerage Opes Prime have failed in their legal bid to halt the sale of their share portfolio by the ANZ Bank.
ANZ makes Opes offer
ANZ Bank offers Opes Prime's administrators a 62-cents-in-the dollar settlement.
War of words over Opes will leave...
Reputations are going down with a very leaky ship, writes Colin Kruger.
ANZ ups provision for credit casualties
High-profile credit crunch casualties have forced Australia's third biggest lender ANZ Banking Group Ltd to escalate its first half total bad debt provisions.
Investors await surprises in Westpac earnings
Investors will be watching for surprises when Westpac releases its half year results, a week after ANZ Bank revealed nearly $1 billion in provisions against potential losses.
Babcock in Tricom recapitalisation
Investment bank Babcock & Brown says it has joined ANZ Banking Group in the recapitalisation of troubled stockbroking firm Tricom Equities.
04/08/08
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Fortescue chair loses $20m in Opes saga
Fortescue Metals Group chairman Herb Elliott appears to have lost more than half of his $38 million fortune after the Opes Prime collapse.
Westpac cash profit expected to rise
Westpac Banking Corporation is expected to sidestep the bad debt troubles faced by the ANZ Bank and report a healthy rise in first-half cash profit.
ANZ adds to mortgage pain
The ANZ Bank has raised interest rates for mortgage holders by 0.10%, blaming increased funding costs caused by the global credit squeeze.
No deal: ANZ takes bailout off table
THE future of the specialised financial services provider Chimaera Capital was again called into question last night after the ANZ Bank walked away from a deal to invest $55...
ANZ not expecting losses from Opes saga
ANZ Banking Group Ltd does not expect any material losses from its exposure to the Opes Prime collapse, bank boss Mike Smith said.
ANZ, Merrill face fresh legal action over Opes Prime
Law firm Slater & Gordon has begun legal action against ANZ Banking Group and Merrill Lynch on behalf of former clients of failed stockbroker Opes Prime.
ANZ profit falls in first fiscal half due to write-downs on bad debts
Australia's fourth-largest bank, ANZ Banking Group Ltd., posted a 7 percent fall in first-half profit Wednesday, with its top executive blaming the loss on large write-downs in bad debts.
ANZ warns of bad debt
ANZ shares tumble as it reveals its first-half credit provisions will exceed the consensus of market expectations.
CMG denied injunction against ANZ
A federal court has declined to grant CMG Group an injunction stopping ANZ Banking from selling shares that CMG had with collapsed Opes Prime.
Primebrokers appoints administrators
CHRIS ZAPPONE Primebrokers Securities, a firm linked to the margin loan-hit Chimaera Capital, has entered voluntary administration.
Gloomy outlook for commodities
Commodities prices may drop faster next year, pressured by slumping global demand and a strengthening US dollar, according to ANZ Bank.
08/20/08
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ANZ shares plunge 9%
Investors have hammered ANZ Bank after it flagged $1.2 billion in bad debt provisions for the 2008 second half.
Safe as houses: ANZ wins the tick it...
ANZ Bank was yesterday given a much-needed vote of confidence by two of the major credit agencies, after they maintained its all-important double-A rating in the wake of the...