National Australia Bank shares fall 10%
National Australia Bank shares have dropped 10 per cent after the bank announced an extra $830m loss on its exposure to US mortgage-backed debt securities.
National Australia Bank talking to Royal Bank of Scotland about buying local arm of ABN Amro
National Australia Bank Ltd., one of the country's biggest lenders, said Friday it is in consultations with the Royal Bank of Scotland about buying the local arm of investment bank ABN Amro.
Stormy times at Suncorp
The storms in the weather and the markets have cost Suncorp some $800 million and job cuts loom.
08/04/08
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Suncorp gets thumbs up from S&P
Suncorp lifted some of the gloom surrounding insurers, garnering support from S&P for its $8b acquisition of Promina.
07/18/08
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Bleak forecast for Suncorp
Storms in the weather and in the markets have cost Suncorp about $800 million ... and there could be worse to come.
08/04/08
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AXA Asia Pacific gets new regional boss
AXA Asia Pacific Holdings Ltd has appointed Michael Bishop, who headed Prudential Corporation Asia, to lead its Asian operations.
Babcock & Brown denies being in default
Babcock & Brown, which lost almost half of its market value last week, reiterates it is not in default.
Australian investment firm Babcock &...
Babcock & Brown Ltd.'s shares fell as much as 32 percent Friday on concerns about its debt position, despite Australia's second largest investment bank clinching a US$7 billion...
Babcock & Brown Financing Deal Stiffs Short-Sellers
The embattled Australian infrastructure investment firm comes to an agreement with creditors to pay higher interest rate in exchange for them dropping review of company's debt covenants.
St George reaffirms earnings forecast
St George Bank has reaffirmed its annual fiscal 2008 earnings guidance after posting a 12.5 per cent rise in cash profit for the first 10 months of the year.
Embattled Babcock & Brown Makes Big...
In the midst of an investor crisis of confidence in the Australian investment firm, it leads consortium to purchase Angel Trains, a U.K. railcar leasing firm, from RBS.
Australian investment firm Babcock &...
Investment firm Babcock & Brown Ltd. faces a potential review by lenders after its shares fell 28 percent Thursday, making it the latest Australian company to grapple with...
Babcock & Brown 'set to meet guidance'
Investment group Babcock & Brown says it is on track to meet its full year earnings target.
Insurance Australia Group rejects...
The board of Insurance Australia Group Ltd. said Tuesday it will not recommend to shareholders the 8.7 billion Australian dollar (US$8.4 billion; €5.3 billion) takeover...
Suncorp can't explain share price surge
The Australian Securities Exchange has issued a "please explain" to Queensland-based banker and insurer Suncorp Metway over the sudden surge in its share price.
Australia's Westpac bank posts 34...
Westpac Banking Corp. Ltd. on Thursday announced a 34 percent rise in net profit over the last six months as a strong local economy fueled sustained demand for credit.
Babcock & Brown shares dive on fee flow fears
Babcock & Brown, the worst- performing stock on the MSCI Asia-Pacific Index, fell on concerns that credit market turmoil may cut proceeds from asset sales to reduce debt.
RBS sells rolling stock company to Babcock & Brown for £3.5bn
Royal Bank of Scotland has sold Angel Trains to a consortium led by Babcock & Brown's European infrastructure fund in a deal that values the rolling-stock leasing business at £3.5bn.
AXA Asia funds shrink by $10b
Axa Asia Pacific Holdings, a unit of Europe's second-biggest insurer, said funds under management fell 10% in the first quarter amid the decline in global financial markets.
IAG rejects QBE merger offer: 'too low'
Insurance Australian Group has rejected a $7.45 billion takeover offer from rival QBE Insurance Group as too low.
Babcock & Brown raises Tricom exposure
Babcock & Brown says it has increased its exposure to troubled stockbroking firm Tricom.
Commonwealth Bank of Australia...
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.
NAB shares slump on writedowns
National Australia Bank announces $830 million in additional provisions, sending its shares down as much as 13%.
NAB slumps on debt shock
NATIONAL Australia Bank will suffer a $600 million blow to its annual net profit, sending its earnings into the first tailspin for four years, after taking a direct financial...
ANZ says provisions seen rising to...
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...
National Australia Bank names new...
National Australia Bank Ltd., one of the country's biggest lenders, said Thursday that the head of its New Zealand operations, Cameron Clyne, will take over as chief executive,...