Australia

Westpac starts $1bn campaign to boost business

The bank intends to lend one billion dollars to local businesses in the next six weeks with perks and incentives.

Westpac starts $1bn campaign to boost business

The bank intends to lend one billion dollars to local businesses in the next six weeks with perks and incentives.

ANZ gears up to buy Aozora Bank

The lender believes Japan offers opportunities for the group as the Japan’s hefty savings could help transform the Australian bank's structural dependence on offshore borrowing.

Westpac posts sluggish private credit growth

The lender’s senior economist said the 0.2% growth as "sub-par".

Australian banks face tightening online competition

Small online are among those offering standard variable interest rates a full percentage point below those offered by bricks-and-mortar bank rates.

Top five mistakes junior banking professionals make in job interviews

How you perform in job interviews is arguably the most important factor in determining whether or not you secure the job you want. This is particularly true for junior banking professionals, whose limited job-specific experience can mean interview performance is the key differentiator between candidates competing for the same role. In our experience at Robert Walters, there are five key mistakes commonly made by junior banking professionals in job interviews that instantly disadvantage them. If you can avoid these mistakes, you’ll be well on your way to interview success. 1. Not adequately researching the organisation they are interviewing with While it seems like a basic step to undertake when looking for jobs, we still see a number of candidates who don’t properly do their due diligence on the company they’re applying to work for. It is vitally important for candidates to be able to talk confidently and intelligently about what their potential employer does. You should be able to recite specific facts about the organisation, including:

ANZ plans raising $786mn in convertible preference shares

The shares, considered tier 1 capital under Basel III reforms, are eyed to carry an annual margin of 3.1%-3.3%.

ANZ Bank has momentum for another record profit

ANZ Bank will likely raise its full-year earnings growth to another record profit.

Job cuts and outsourcing in Westpac loom

The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.

Bendigo and Adelaide Bank profit up to $342.1mn

More than 90% of the bank's on balance sheet funding comes from retail deposits.

Australia’s major banks eyed to post more huge profits

Yet weakness in Australian economy’s consumer-exposed sectors and the impact of natural disasters may push bad debts up anew.

What to do when 79% of job-seekers are turned-off by long recruitment process

While the Australasian banking and financial services job market has seen mixed levels of demand so far in 2011, as the year progresses we’re expecting to see continued demand in key areas and skills shortages to appear, putting pressure on employers to examine the way they recruit.

Commonwealth Bank's new CEO may set eyes abroad for growth

The low-growth outlook for domestic banking seen to have caused Ian Narev’s appointment.

Commonwealth Bank CEO Ralph Norris to retire in November

The lender recorded maximum profit amidst turbulent times under Norris’ leadership.

Narev appointed CEO of Commonwealth Bank of Australia

Commonwealth Bank of Australia chairman David Turner appointed Ian Narev as new CEDO to replace Ralph Norris who will retire in November.

Mobile payments to achieve mainstream status soon

More than 80% of the 150 major banks and corporate companies are studying how to harness m-payments.

Commonwealth Bank keen on expanding in Indonesia

The lender resorts to overseas income to compensate lethargic lending in Australia.

NAB CEO allays fears on home loan debt

Clyne said the current European financial crisis has yet to affect its funding costs.