Westpac, St George in merger talks
Banking giant Westpac has announced that it is in merger discussions with St George Bank to create what would be Australia's largest financial services company.
If successful, the merger would be...
ABC Business News -
Monday May 12, 2008, 11:03 am
Aussie stocks firmer as banks rise; miners weak
(Adds details, comments)
SYDNEY, May 12 (Reuters) - Australian shares rose 0.4
percent on Monday, as banks rose following news that Westpac
Banking Corp Ltd (ASX: WBC.ax) was in takeover talks...
Reuters Finance News, Australia -
Monday May 12, 2008, 10:55 am
Westpac approaches St George over merger
Westpac Banking Corporation has approached St George Bank about a proposed merger between the two.St George told the Australian stock exchange on Monday that Westpac had approached it after close of...
AAP -
Monday May 12, 2008, 10:37 am
Australia stocks higher; banks lead
(Updates to market opening)
SYDNEY, May 12 (Reuters) - Australian shares rose 0.7
percent on Monday as news that two big domestic banks were in
merger talks lifted banking firms such as National...
Reuters Finance News, Australia -
Monday May 12, 2008, 10:14 am
Westpac Bank in takeover talks with St George
(Adds analyst comment)
By Victoria Thieberger
SYDNEY, May 12 (Reuters) - Westpac Banking Corp Ltd
(ASX: WBC.ax) , Australia's fourth-biggest lender, said it is in
talks on an all-share bid for St...
Reuters Finance News, Australia -
Monday May 12, 2008, 9:58 am
NAB wants to expand wealth business
National Australia Bank Ltd (NAB), which on Friday delivered an interim profit in excess of $2 billion, said it would like to expand its wealth business.But, it said, it does not need merger and...
AAP -
Sunday May 11, 2008, 3:04 pm
Chastened banks tighten up on lending: ECB
FRANKFURT (AFP) - Anyone looking for a bank loan is finding it tougher because of the recent financial market turbulence and there is little short-term relief in sight, a European Central Bank...
AFP Finance News -
Sunday May 11, 2008, 3:02 pm
ABA rejects plan for bank fees fairness test
The Australian Banker's Association (ABA) has rejected a Productivity Commission recommendation that could subject them to a fairness test over their bank fees.
The Federal Government is...
ABC Business News -
Sunday May 11, 2008, 12:05 pm
Big eurozone companies facing tighter credit conditions: ECB
FRANKFURT (AFP) - Financial market turbulence has led to a tightening of eurozone credit standards, particularly for loans to big companies, the European Central Bank said on Friday."Banks...
AFP Finance News -
Saturday May 10, 2008, 2:26 am
Massive Bank Losses And Write Downs Drag Risk Appetite And Carry Lower
The high end of the yield curve has taken a significant hit over the past week; and carry trades have suffered the consequences. The DailyFX Carry Trade Index sunk $298 dollars since last Friday...
Forex Capital Markets -
Friday May 9, 2008, 10:10 pm
Crescent Gold shares jump 22%
Shares in Western Australian gold producer Crescent Gold Ltd jumped on news it had repaid its $25 million project loan and gold loan with Investec Bank Australia Ltd."The release from the loan...
AAP -
Friday May 9, 2008, 6:45 pm
RBA expects inflation to rise further
Australia's central bank says the current level of interest rates is appropriate but it still expects inflation to be high in the short term.In its quarterly statement on monetary policy the...
AAP -
Friday May 9, 2008, 5:48 pm
Aussie stocks end at 3-mth highs; NAB lead banks up
(Adds details, comments)
By Geraldine Chua
SYDNEY, May 9 (Reuters) - Australian shares rose 0.85
percent to their highest level in over three months on Friday,
as upbeat earnings at National...
Reuters Finance News, Australia -
Friday May 9, 2008, 4:40 pm
Aussie stocks extend gains; NAB lead banks higher
(Updates to market closing)
SYDNEY, May 9 (Reuters) - Australian shares rose 0.85
percent to their highest level in over three months on Friday,
as upbeat earnings at National Australia Bank Ltd...
Reuters Finance News, Australia -
Friday May 9, 2008, 4:16 pm
Wanting to believe the worst is over
That Tin Pan Alley standard - Happy Days Are Here Again - has become synonymous with the Great Depression. In one of history's exquisite ironies, its first recording was released in October...
ABC Business News -
Friday May 9, 2008, 2:45 pm
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