Australian bank posts 7 pct rise in annual profit
August 13, 2008
Australia's largest bank by market value, Commonwealth Bank of Australia Ltd., on Wednesday lifted its annual profit by 7 percent and forecast the local economy to grow modestly amid continued headwinds from the global credit crunch.
Australia's Commonwealth Bank eyeing BankWest: report (Reuters)
Reuters - Commonwealth Bank of Australia (CBA) , the country's No. 2 bank by assets, may offer over A$6 billion ($5.2 billion) to British bank HBOS for its Australian unit BankWest, the Australian newspaper reported on Monday.
Commonwealth Bank hikes home loans
Commonwealth Bank has ramped up its benchmark mortgage rate by 0.14 per cent a week or so after the RBA said there was no need to lift official rates higher.
CBA rules out bid for St George
Commonwealth Bank has no intention of making a rival bid for St George, but won't rule out a bid for ABN Amro in Australia.
CBA dumps bid for ABN Amro unit
Commonwealth Bank pulls out of a proposed $500 million deal to buy the Australian investment banking business of ABN Amro.
CBA considers insurance buys: Citigroup
The Commonwealth Bank will seriously consider making a big acquisition in the general insurance space if one arose, a broker says.
CBA working exclusively to acquire Amro
Commonwealth Bank of Australia Ltd (CBA) says it has entered exclusive talks to acquire the local arm of investment bank ABN Amro.
CBA eyes ABN Amro
Commonwealth Bank of Australia is hoping to add investment banking to its online trading hub Commsec.
Margin Lenders Cap Funding to Babcock
Three margin lenders stopped funding purchases of Babcock & Brown shares after a sharp drop in the firm's market value.
Commonwealth Bank of Australia discusses buying ABN Amro branch
Commonwealth Bank of Australia Ltd., the country's largest lender, said Wednesday it has entered exclusive talks to buy the local arm of Dutch investment bank ABN Amro.
Australia's CBA Takes Flyer On ABN Amro Assets
Following National Bank of Australia's withdrawal from the bidding process, rival Commonwealth Bank enters into exclusive negotiations with Royal Bank of Scotland.
Commonwealth Bank half-year profit...
Commonwealth Bank Of Australia said Wednesday its first half net profit rose 8 percent compared to the same period a year earlier, though volatility in global markets stemming...
All eyes on oracle of Martin Place
Are the big banks in for more strife or are better times around the corner? All eyes will be on the Commonwealth Bank's chief, Ralph Norris, on Wednesday when he unveils its...
Commonwealth sees above system growth
The Commonwealth Bank of Australia has experienced above system growth in its home loans and household and business deposits.
CBA says capital position is strong
Commonwealth Bank of Australia shares strengthened on Thursday after it said it did not plan to raise additional capital.
ASX closes sharply lower
The Australian share market closed sharply lower, losing two per cent as weaker financial and resource stocks added to the negative direction from Wall Street.
Westpac may have to boost $17.6...
Reuters - Westpac Banking Corp Ltd , which
has bid $17.6 billion for St George Bank in the
biggest banking takeover ever in Australia, is bracing for
rival offers to emerge...
CBA year net profit up 7 per cent
The Commonwealth Bank has lifted its reported profit by seven per cent and says volatility in financial markets is putting pressure on its funding costs.
Commbank: home loan rates will rise
HOME loan rates will be pushed even higher this year as a result of higher bank funding costs, Commonwealth Bank chief executive, Ralph Norris, warned yesterday.
CBA to spend $580m over on technology
Commonwealth Bank of Australia will spend $580 million over four years replacing 45-year-old technology systems to improve efficiency and customer service.
Westpac Banking Corporation and St...
Westpac Banking Corporation, Australia's oldest company, is in talks with St
George, a former building society, about merging to form a A$64 billion ($£31
billion) institution.
Australia's Westpac bids $17.6...
Reuters - Westpac Banking Corp Ltd
launched a $17.6 billion all-share bid for smaller rival St
George Bank Ltd in a tie-up that would create
Australia's biggest bank by...
Westpac Aims To Buy Way To Top In...
Bank says it's in talks to acquire smaller rival St. George, making it biggest in country by market cap.
Australia's Westpac offers $14B for...
Westpac Banking Corp. said Monday it has approached rival St. George Bank Ltd. with a $14 billion takeover offer that could lead to the biggest shakeup of Australia's banking...
Westpac, CBA to scrap paper statements
Commonwealth Bank has joined Westpac in giving its customers the opportunity to receive electronic bank statements instead of paper letters through the post.