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.

Stalking the dragon

The story of the acquisition of St George begins on a fateful day last August when some startling news sparked the global credit crisis, writes Danny John.

Commander bet the house, and lost

COMMANDER Communications' lenders have called in the corporate paramedics in an attempt to revive what only two years ago was Australia's fourth biggest telecom.

Halifax and Bank of Scotland cut loan rates for third time this month

Halifax, the country's biggest mortgage lender, will make cuts of up to 0.3 percentage points on 16 of its home loan products today and Bank of Scotland (BoS), its sister company, is reducing rates on 29 products by up to 0.45 points.

RBS forced to abandon sale of Australian assets

Royal Bank of Scotland has called off plans to sell the Australian and New Zealand businesses it acquired as part of last year's landmark ABN Amro takeover after the last bidder walked away yesterday.

Reverse Corp report 3% fall in profit

Telephone call provider Reverse Corporation has reported a three per cent fall in annual profit and replaced its managing director with a UK-based executive.