Australia's St. George Bank agrees to Westpac bid
St. George Bank on Tuesday agreed to an 18.6 billion Australian dollar ($17.5 billion) takeover offer from Westpac Banking Corp. that would create Australia's biggest bank and be one of the country's largest corporate deals.
National Australia Bank reports 25.8 percent rise in 1st half net profit
National Australia Bank Ltd. said Friday its first half net profit rose 25.8 percent over the same period last year, boosted by strong lending and deposit growth and a one-time gain from Visa Inc.'s initial public offering. 
QBE sweetens takeover offer for IAG
QBE Insurance Group has sweetened its takeover offer for IAG but says the target has indicated it thinks the fresh bid is still too low.
05/19/08
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Westpac says Gail Kelly a 'great asset'
Westpac Banking Corp chairman Ted Evans says CEO Gail Kelly is a "great asset" as the company attempts to buy rival St George Bank.
Dragon head not swayed by theories on...
The chief executive of St George Bank has denied his group's supposed financial weaknesses has made its merger with Westpac inevitable and necessary.
AXA to longer pursuing MAA acquisition
AXA Asia Pacific Holdings says it is no longer pursuing an acquisition of Malaysian Assurance Alliance Berhad (MAA) in Malaysia.
Credit squeeze makes Dragon prey
The global credit squeeze and the higher cost of funding it has induced is the key that Westpac chairman Ted Evans hopes will unlock St George Bank.
Goodman Group sells GPI for $230 million
Goodman Group Ltd has sold its Goodman Property Investors subsidiary, known as GPI, to Aberdeen Asset Management for about $230 million.
Babcock & Brown boosts India presence
Fund and asset manager Babcock & Brown has recruited a team of eight local investment professionals in India from the local arm of Dutch bank ABN Amro.
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.
Babcock & Brown lifts stake in...
Brisa-Auto Estradas de Portugal, the country's biggest highway operator, says Babcock & Brown increases its stake in the company to 15%.
From Green into the red
The former chief executive of Babcock & Brown failed to change methods to suit the market madness, writes Danny John.
QBE earnings slip
QBE Insurance Group reports a 7% fall in first-half profit due to weaker investment returns.
Babcock CEO, Chairman Step Down
Babcock & Brown unveiled a major overhaul of its board and management but failed to stem the drop in its share price due to continued concerns about its financial position.
Lend Lease profit falls as expected
Property group Lend Lease has posted a 46.7 per cent fall in annual profit and says it has begun a global search for a successor to chief executive Greg Clarke.
Babcock & Brown shares in trading halt
Shares in Babcock & Brown will now be in a trading halt after the investment group requested the suspension ahead of a meeting of a board subcommittee.
Lend Lease annual profit down 47%
Lend Lease Corp Ltd has posted a 46.7 per cent fall in annual profit, after booking negative property revaluations and adjustments to the value of UK assets.
NAB's rate-cut pledge
National Australia Bank becomes the first of the major banks to break ranks over the cost of home loan funding with a promise today to pass on the full effects of any forthcoming interest rate cut by the Reserve Bank.
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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B&B units fall after parent seeks...
Shares in Babcock & Brown units fell in early trading after the investment bank requested a trading halt for the parent company.
Babcock & Brown in trading halt
The securities of Babcock & Brown have been placed in a trading halt at the request of the company, pending an announcement, the Australian stock exchange said.
Nikkei.co.jp - Macquarie Group To Buy Toll Road From...
Babcock Arm Feels Pinch
Babcock & Brown Power wrote down $355 million on its Alinta energy business and posted a loss on the sale of its Tamar power station.
Australia's St. George agrees to...
St. George Bank Ltd., Australia's fifth-largest bank, agreed to a revised 17.3 billion Australian dollar ($14.4 billion) takeover proposal by larger rival Westpac Banking Corp....
Credit crunch up to 18 more months: CBA
Commonwealth Bank chief Ralph Norris says the credit crunch, which dragged on the bank's full-year earnings, is likely to last another 12 to 18 months.
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.