Tag: Banking
'Staggering' fall in inflation gauge
Economists expect 1 percentage point rate cut tomorrow after big fall in inflation gauge.[MORE]
Westpac, St George merger complete
Westpac says it has completed its merger with St George Bank. [MORE]
Babcock and Brown extends trading halt
Struggling investment bank Babcock and Brown has extended its suspension from trade on the Australian share market. [MORE]
NAB chairman won't guarantee rate cut
NAB chairman refuses to guarantee that the bank will pass on in full any interest rate cut from the RBA tomorrow. [MORE]
Macquarie boss Clarke on leave for cancer treatment
Investment bank Macquarie Group says its chairman David Clarke will take leave for six months to undergo treatment for cancer. [MORE]
Lawyer plays down Bidgee economy impact
A commercial lawyer says the failure of the Mildura-based Bidgee Finance is a tragedy for debenture holders owed $18 million, but is unlikely to have a dramatic effect on the local economy.[MORE]
Banking sector needs more scrutiny, report finds
A federal parliamentary committee says there needs to be greater scrutiny of banking and non-bank lending sectors.[MORE]
Fund moves to sever ties with Babcock and Brown
One of Babcock and Brown's managed funds is seeking to sever its ties with its troubled parent company. [MORE]
Receiver appointment disappoints Bidgee directors
The directors of a regional finance company say they are unhappy a receiver has been appointed to the firm.[MORE]
Greens unhappy with banks guarantee bill
The Greens say they are not happy with the Federal Government's bill to guarantee the money banks borrow from overseas.[MORE]
Swan suspects leaks in deposit guarantee consultation
The Federal Government says someone it has been consulting about the bank deposits guarantee has been leaking to the Opposition.[MORE]
Swan introduces deposit guarantee bill
Federal Treasurer Wayne Swan has introduced a bill to Parliament to back the Government's guarantee on large bank deposits and wholesale funds.[MORE]
CBA identifies glitch but won't explain
The Commonwealth Bank (CBA) says it has worked out what caused a nationwide banking glitch but will not reveal the nature of the problem. [MORE]
Customers waiting for bank glitch fix
The Commonwealth Bank is still trying to fix a nationwide processing glitch that has left some customers' accounts stripped of funds.[MORE]
Bendigo Adelaide Bank offer to shareholders
The Bendigo and Adelaide Bank is making a share offer to current investors, in an attempt to raise more money to expand the business.[MORE]
Wide Bay banking group looks to profit boost
Banking group Wide Bay Australia has confirmed that it is on track to post a 15 to 20 per cent after-tax profit in the next financial year.[MORE]
Banking glitch strips customers of funds
The Commonwealth Bank is trying to fix a problem that has stripped accounts of funds.[MORE]
US stocks rally on Citigroup bailout
US stocks have climbed for a second day after the Government said it would bail out troubled US banking giant Citigroup, which last week lost more than 60 per cent of its market value. [MORE]
World stocks mixed as investors mull Citigroup bailout
European stock markets rebounded strongly, but Asian equities fell as investors worldwide reacted differently to a massive US Government bailout of stricken American bank Citigroup.[MORE]
IAG, State Bank of India enter joint insurance venture
Insurance firm IAG is investing $170 million to form a joint venture general insurance company with the State Bank of India.[MORE]
US Govt to protect Citigroup from 'large losses'
The US Government has said it will protect banking giant Citigroup against "unusually large losses" and give it $US20 billion ($32 billion) from a financial rescue package approved by Congress.[MORE]
AWM, IOOF announce merger plans
Financial services firms IOOF and Australian Wealth Management (AWM) are planning to merge to form a company with $88 billion worth of funds under management.[MORE]
Sharemarket follows banking falls
The Australian sharemarket was lower this afternoon with the banking sector leading the losses.[MORE]
Babcock and Brown shares to remain suspended
Troubled investment firm Babcock and Brown has extended a trading halt on its shares, as it tries to resolve a dispute with a German bank over the release of a deposit.[MORE]
Govt has to legislate banks' wholesale guarantee: Oppn
The Federal Opposition says the Government will be forced to bring in legislation to back up its guarantee on banks' wholesale funding.[MORE]
