ANZ makes Opes offer
May 29, 2008
ANZ Bank offers Opes Prime's administrators a 62-cents-in-the dollar settlement.
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
Similar news about ANZ Bank
Gunns shares drop on ANZ pullout reports
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.
War of words over Opes will leave...
Reputations are going down with a very leaky ship, writes Colin Kruger.
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.
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
Similar news about ANZ Bank
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.
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 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.
Primebrokers appoints administrators
CHRIS ZAPPONE Primebrokers Securities, a firm linked to the margin loan-hit Chimaera Capital, has entered voluntary administration.
Gunns shares lower over mill funding
Shares in forestry products supplier Gunns Ltd opened lower Friday, after the ANZ Banking Group withdrew funding for its $2 billion Tasmania pulp mill project.
ANZ loses HK bank bid
ANZ's failure to secure a bid for Hong Kong's Wing Lung Bank won't derail the bank's Asian expansion plans.
ANZ backs down on Gunns funding
ANZ Bank will not comment on speculation it will not provide funding for Gunns' controversial $2 billion pulp mill in Tasmania.
ANZ won't fund Gunns mill: report
ANZ Bank has declined to comment on speculation it will not provide funding for Gunns' controversial $2 billion pulp mill in Tasmania.
Beconwood skirts costs in Opes stoush
Beconwood Securities will not have to pay costs from its first legal stoush against collapsed stockbroker Opes Prime and ANZ Banking Group, even though it lost.
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 million in the company.
ANZ bows to Opes pressure
EXCLUSIVE: ANZ Bank has agreed to mediation with Opes Prime's unsecured creditors.
ANZ to expand in Hong Kong
ANZ Bank plans to increase its Hong Kong dealing room staff from eight to more than 70.
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 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.
ANZ member of Shanghai Gold Exchange
ANZ Bank will become one of only four foreign banks permitted to trade gold in China after becoming a member of Shanghai Gold Exchange.