Australia

IMF Australia to represent 500,000 Australians in accusing lenders of illegally charging US$4.5bln for minor violations.

NAB rivals Santander as they are the likely bidders after two other lenders were removed from the race.

But lender positive that business lending spurt can help drive profit up in next 6 months.

Lender posted above-expected net profit but cautious on Europe credit crisis’ effect on Australian market.

AXA CEO lost interest in bid despite encouraging suggestions from US and Australian investors.

Bank said it has no need for immediate additional wholesale funding amidst Greece and Portugal credit crisis.

NAB seeks inclusion in $3.3bln RBS acquisition as it attempts to win its AXA bid.

CBA bought $235mln VIB shares to capitalise on Vietnam's surging banking demand based from country's demographics.

Australian lender plans to compete with local counterparts to expand its Asian business.

NAB disagrees on ACCC’s ruling on competition issue and undertakes changes to pursue its US$13bln bid. National Australia Bank is considering sweeping changes to keep its A$14 billion (US$13.03 billion) takeover bid for Axa Asia Pacific (APH) alive and ease the regulator's competition concerns.

Smith eyes a partnership with an Indian or Singaporean bank to expand further its Asian operations.

ACCC cautious that merger could reduce competition in country's retail investment market.

FSU argues bank's plan to open Manila operations hub could cost 100 jobs in Australia.

Lender in discussions with PT Panin and ANZ Vientiane Commercial to obtain almost 100% ownership.

NAB faces competition with Banco Santander and Virgin Money for takeover of 84% of RBS.

Banker was former Citigroup’s chief in South Asia.