National Australia Bank
Late Rally Powers Asian Stock Rebound
Even Korea, which showed early weakness over uncertain reaction to government's bank bailout plan, rises 2.3%, while Japan, Hong Kong and Australia all perform significantly better Monday.
Record for NAB as it remains debt wary
THE chief executive of National Australia Bank, John Stewart, warned yesterday that the global credit crisis could still get worse before it gets better, even as he delivered a strong half-year earnings result which is propelling his group towards a record $4.8 billion annual net profit.
It's not over yet
ANZ's earnings hit is not surprising - and much more pain is yet to come from both the big banks and the second-tier players.
Westpac's ray of light
Westpac has so far managed to avoid big problem credit exposures, and should it successfully swallow St George, will become Australia's biggest bank.
Best of the big banks
So far, in this first anniversary week of the subprime implosion, Westpac has proved itself most adept among its peers at managing risk.
Pubs with no smoke survive
Butting out hasn't put Victoria's watering holes in the red, with some even prospering nine months on.
NAB to post modest earnings growth
National Australia Bank is expected to report modest single digit earnings growth for the first half of its financial year.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Westpac beats gloom
WESTPAC yesterday ruled out any need to ration lending in the global credit crisis, revealing that it had so far escaped the worst of the domestic economic slowdown.
Market Report: Lonmin and Imperial fired up by bid speculation
Lonmin advanced by more than 5 per cent to 2,662p yesterday after a flurry of bid speculation swept through the mining sector.
Stocks to watch
Stocks of interest on the Australian stock exchange today.
NAB cuts broker commissions
NAB will cut its mortgage broker commissions and introduce a gradually increasing trail fee in the expectation brokers develop longer-term clients.
CommBank posts $4.8b profit
Bank lifts its reported profit by 7% and says volatility in financial markets is putting pressure on its funding costs.
NAB runs the ruler slowly over St George
NAB chief John Stewart says NAB's recent improvement in its PE ratio would be in its favour if it were to make a move on St George.
ANZ shares plunge 9%
Investors have hammered ANZ Bank after it flagged $1.2 billion in bad debt provisions for the 2008 second half.
NAB cash profit jumps 8%
NAB posts jump in cash earnings, beating analyst expectations.
Keeping business clients the key
ONE of the big challenges for a merged Westpac-St George bank will be holding on to corporate customers in the small and medium business sector, which is a current stronghold of St George, the first independent analysis of the $60 billion merger has concluded.
Oil edges above $43 on US auto bailout, rate cut
Oil prices rose above $43 a barrel Monday in Asia as investors looked for signs that U.S. interest rate cuts and a government bailout of two key automakers could help cushion what may be the worst recession in decades.
NAB to post modest profit growth
When NAB reports earnings tomorrow, the focus will be on provisions and the UK business.
NAB's $100m irony
It's ironic that the largest domestic custodian business is NCS (National Custodian Services). That's National for National Australia Bank.
Dragon's SME lair in contention
A merged Westpac-St George bank might struggle to hold onto the SME market, an independent analysis concludes.
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