ANZ Bank
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 net profits from the region by 2012.
Blue Energy sale after Chimaera fallout
Blue Energy has revealed that almost one third of its share register could potentially be sold off as the affairs of Chimaera Financial Group are resolved.
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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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.
Blue Energy at mercy of Chimaera fallout
Blue Energy says almost one third of its of share register may be sold off as the affairs of stock lender Chimaera are resolved.
Bad debt to bite into ANZ's earnings
With close to $1 billion in bad debt provisions already tagged for ANZ Banking Group Ltd's interim result this week.
Just dabbling in Just takeover
Perpetual is back purchasing shares in the besieged fashion retailer.
08/05/08
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It's anyone's bet in race for bargain...
A new leader has emerged in the ANZ Share Buying Stakes.
Search for RBS chief tainted by links to 'spivs and speculators'
A political battle over who should be the next chairman of the Royal Bank of Scotland broke out yesterday after claims that the favourite for the post is an “inappropriate choice” because of his links to the “network” that presided over the bank in the period before its near collapse.
Bad debt to bite into ANZ earnings
With $1 billion in bad debt provisions already tagged for ANZ Banking Group's interim result this week, analysts are wonder how much more trouble is to come.
Kil the competition: BP chief flees...
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying
07/25/08
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NAB won't rule out St George bid
NAB chief John Stewart is eyeing the negotiations between Westpac and St George closely, but analysts say a counterbid may be costly.
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.
ANZ announces 7% fall in profit
ANZ says provisions and non-performing loans increased as it announced a seven per cent decline in profit in the half year ended March 31.
ANZ profit expected to ease
Investors in ANZ will be looking for more details on the scale of potential losses from failed brokerages when it reports half-year results.
Aevum finalises $150m banking facility
Retirement living company Aevum Ltd has finalised a new $150 million banking facility and will use the proceeds to fund its development pipeline.
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.
Tricom takeover, without nasty bits
THE new Danish owners of Tricom Equities have been ring-fenced from any liabilities thrown up by the troubled stockbroking firm's disastrous foray into margin lending that pushed the privately run company to the brink of failure.
Merchants Bank beats ANZ to Wing Lung
ANZ misses out on Wing Lung Bank, as China Merchants Bank agrees to pay $2.6b for control of the Hong Kong bank.
06/03/08
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China caps may give ANZ an edge in HK...
The Chinese government capped what China Merchants Bank and Industrial & Commercial Bank of China will be allowed to pay for Hong Kong's Wing Lung Bank.
05/28/08
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Westpac deal raises hopes of...
Reuters - The largest banking takeover in
Australia's corporate history has spurred investors to pile
into shares of smaller banks in the hope of a sector shake-out.
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 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.
Tricom in new talks after Bell backs out
Troubled private broker Tricom is continuing buy-out talks with other parties after broking house Bell Financial Group backed away from a deal.
03/18/08
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Healthscope completes new debt facility
Healthscope Ltd has completed a new three-year revolving debt facility with a syndicate of eight banks.
06/24/08
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Australia Raises Scrutiny For...
Treasury details six principles by which proposed investments by foreign government-controlled funds will be vetted.