ANZ Bank
Analyst urges banks to raise rates
Australia's top four banks could lose a combined $500 million if they don't again raise their standard variable home loan rates, says investment bank JP Morgan.
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.
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.
More banks lift rates
ANZ and CBA have ramped up their benchmark mortgage rates just days after the central bank decided there was no need to raise rates.
ANZ hikes home loans by 15 basis points
ANZ has lifted its standard variable mortgage rates by 15 basis points.
Banks may follow St George's lead
It could be costly for Australia's top four banks not to raise their mortgage rates again, analysts say.
Bill Express in debt crisis
Creditors are lining up at Bill Express, with the national electronic payment company facing debts in excess of $180 million.
Westpac expect 8% cash earnings growth
Westpac Banking Corporation says it is on track to deliver 2008 cash earnings growth of between six and eight per cent.
St George has tough road ahead: JPMorgan
St George Bank has a far worse outlook than any of its peers, but is likely to talk up its prospects to attract a higher takeover bid, according to JPMorgan.
ASX surges on interest rate hopes
The Australian share market made strong gains, closing more than three per cent higher following a strong US lead and hopes of cuts to domestic interest rates.
ASX high at noon as Wall St soars
The Australian stock market was up at noon as News Corporation Ltd reported robust fourth-quarter and full-year results.
08/06/08
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St George has no exposure to CDOs
St George Bank says its credit quality is "excellent" and the firm has no exposure to collateralised debt obligations (CDOs) or US conduits.
07/28/08
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St George lifts rates in spite of RBA
St George Bank has sparked fears of another round of interest rate rises by the major banks after raising its standard mortgage rate.
Westpac cash profit expected to rise
Westpac Banking Corporation is expected to sidestep the bad debt troubles faced by the ANZ Bank and report a healthy rise in first-half cash profit.
Horrific half-year for bank stocks
Australian bank stocks had a horror first half, losing over a quarter of their value in the past six months.
NAB ups standard variable rate to 9.46%
National Australia Bank has lifted its variable mortgage interest rates by 10 basis points.
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.
Horror six months for local bank shares
Australian bank stocks had a horror first half, losing over a quarter of their value in the past six months, as rising cost pressures for borrowers cooled demand for credit.
Bad debt hits at ANZ's bottom line
Australia's fourth largest bank, ANZ, has posted a seven per cent fall in first half profit, after booking close to $1 billion in bad debts.
Centro ditches distribution
Centro Properties blames high refinancing and adviser fees for not paying a second-half distribution.
Centro Properties won't pay distribution
Centro Properties says it will not pay a distribution to ordinary securityholders for its second half.
ANZ, St George raise home loan rates
ANZ Banking Group and St George Bank will impose the highest interest rates on mortgages among the major banks after a 35 basis point hike.
03/11/08
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ANZ boss flags hefty rate rise
ANZ Banking Group boss Mike Smith has flagged lifting lending rates by more than the official rate rise to cover the rising cost of the banks's borrowings.
Centro gets debt extension
The ailing property group has won more time to repay about $2.8b in debt, sparking a rally in its shares.
NAB won't rule out St George bid
National Australia Bank chief executive John Stewart has not ruled out making a counterbid for St George Bank.
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.