Australia
Commonwealth puts new contactless payment system to test
System enables to make purchases of less than $91 without needing PIN or signature.
Commonwealth puts new contactless payment system to test
System enables to make purchases of less than $91 without needing PIN or signature.
National Australia Bank positive on Axa acquisition
NAB believes regulator will favor its US$12mln bid for Axa takeover over rival's US$11mln offer.
Commonwealth beefs up equity business with new hires
2 ex-Merrill Lynch professionals appointment was prompted by lender's successful hiring of 16 people from rivals.
Commonwealth Bank tightens home lending policy
Lending criteria requiring creditors to commit 20% deposit is part of improving credit quality.
ANZ secures India license
Bank's offering of retail and wholesale services and opening of office in country are now possible.
HSBC earns US$1.4bln from initial Kangaroo bonds sale
Analysts believe improving lending conditions attracted Asia-Pacific investors as bank expands in the region.
ANZ declines AMP's US$3.6bln stake sale offer
Bank preferred to focus on integrating ING and ‘organic growth’.
National Australia Bank's bid for RBS stakes endangered
Plan of buying $3.1bln assets could be stalled as Britain's Labour government favors Northern Rock.
ANZ to rebrand wealth management unit
Sources said moniker “OneWealth” will be used to refer to its US$45 billion business.
National Australia Bank’s Q1 net flat at US$986mln
Subdued credit growth and fierce competition caused NAB to lag behind rivals.
ANZ gearing up for home loans market
Retail banking chief's "selectively easing" qualifications have already made impact on US$1.08 trillion home loan industry.
2 Australian banks report better than expected profits
Bendigo and Adelaide Bank's profit increases as investor confidence on regional banks rebounds.
Westpac profit surges 33% to US$1.44 bn
Reduction of bad debts resulting from improving global financial climate caused the US$1.44bn cash profit.
Commonwealth Bank of Australia plans aggressive Asian expansion
Lender wants acquisitions and formation of strategic partnerships focusing on Indonesia, China and Vietnam.
Westpac begins offering Samurai bonds—source
The lender reissued yen-denominated bonds after a year-long hiatus due to global financial crisis.
Westpac reorganises its senior management row
An analyst said CEO Gail Kelly’s move aims to cultivate long-term succession candidates.
Bendigo, Suncorp plan on sharing ATM networks
Connection of about 1600 ATMs of two banks could be accomplished by March 2010.
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