ANZ heads roll over Opes
August 22, 2008
Two ANZ employees leave the bank after an internal review into its stock lending business finds management and oversight weaknesses.
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 sacks two after Opes Prime review
A review of ANZ Banking Group's securities lending operations has found risk controls were inadequate in the period leading up to the Opes Prime crisis.
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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War of words over Opes will leave...
Reputations are going down with a very leaky ship, writes Colin Kruger.
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.
ANZ makes Opes offer
ANZ Bank offers Opes Prime's administrators a 62-cents-in-the dollar settlement.
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 craves so badly
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 bank's decision to provide an additional $1.2 billion for its bad-debt cover.
ANZ tips profit rise of eight per cent
ANZ Banking Group has forecast its 2008 annual profit before provisions to rise by around eight per cent and its annual cash profit to exceed $3 billion.
Primebrokers appoints administrators
CHRIS ZAPPONE Primebrokers Securities, a firm linked to the margin loan-hit Chimaera Capital, has entered voluntary administration.
ANZ cuts fixed home loan rates
ANZ Banking Group has cut its fixed mortgage interest rates by up to half a percentage point.
ANZ may not pass on interest rate cuts
The ANZ Banking Group Ltd has admitted there is no certainty it will pass on in full any interest rate cut made by the Reserve Bank of Australia.
Lofty ambition royally thwarted
MIKE SMITH'S first year in charge of ANZ Bank is turning into what a slightly more regal English figure once termed an "annus horribilis".
Another pile-up as bad lending...
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 appoints receivers to Primebroker
ANZ Banking Group Ltd has appointed receivers to Primebroker Securities Ltd, part of the Chimaera Financial Group.
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, Visa launch new transaction card
ANZ Banking Group Ltd and card provider Visa have launched a new transaction card that can make small payments without the need for a PIN or signature.
ANZ cuts loose another stock lender
ANZ Banking Group has cut loose another stock lender, sending in the receivers to Primebroker Securities, part of the Chimaera Financial Group.
ANZ gets local licence in Vietnam
ANZ Banking Group is stepping up its Asian growth strategy with the incorporation of a 100 per cent-owned bank in Vietnam.
ANZ gives up on Chimaera bailout
Chimaera Financial faces an uncertain future after its white knight, ANZ Banking Group, abandoned a proposed $55m bailout of the Melbourne-based stock lender.
Asia to soak up ANZ cash
ANZ BANK may have to devote as much as $8 billion of precious capital to its expanding Asian operations for them to meet the group's optimistic target of making $1.5 billion in...
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.