AU Corporate Banks:

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Macquarie threat to sue government over FOI

Published By admin On Monday, August 9th 2010. Under Corporate Banks  Tags: ,   
Macquarie threat to sue government over FOI
MICHAEL EVANS MACQUARIE GROUP has threatened to sue the federal government if it releases correspondence sent by one of the bank's lobbyists to Treasury at the height of the global financial crisis, sought by BusinessDay under Freedom of Information laws. In response to a letter notifying Macquarie of the FOI request, the ... Continue Reading

AXA plays waiting game as regulator stalls on takeover

Published By admin On Monday, August 9th 2010. Under Corporate Banks  Tags: , ,   
AXA plays waiting game as regulator stalls on takeover
DANNY JOHN AXA ASIA PACIFIC is expected to emerge from a trading halt this morning with no clearer indication from the competition regulator if its merger with National Australia Bank will be given the green light. The wealth management group placed its shares in temporary suspension on Thursday amid market speculation that ... Continue Reading

Bank lines up $6b bonanza

Published By admin On Monday, August 9th 2010. Under Corporate Banks  Tags:   
Bank lines up $6b bonanza
DANNY JOHN A $6 BILLION-PLUS record profit from the Commonwealth Bank will this week re-ignite concerns the country's largest banks are bolstering their bottom lines at the expense of customers. CommBank is due to unveil its annual results on Wednesday and faces additional scrutiny from politicians and consumer groups in the middle ... Continue Reading

ACCC blocks NAB bid for AXA

Published By admin On Monday, April 19th 2010. Under Corporate Banks  Tags: , , ,   
ACCC blocks NAB bid for AXA
ERIC JOHNSTON The Australian Competition and Consumer Commission has blocked National Australia Bank’s planned $13.3 billion bid for Axa Asia Pacific Holdings citing deep concerns about future competition and innovation in the retail funds sector. At the same time, the ACCC has given the green light for a rival bid for Axa ... Continue Reading

Wondrous vision of capitalism with a conscience

Published By admin On Tuesday, March 16th 2010. Under Corporate Banks  Tags:   
Wondrous vision of capitalism with a conscience
Muhummad Yunus has already produced one great breakthrough. He transformed the concept of aid by pioneering micro-lending, tiny loans as small as $20 to poor villagers, and has lifted many millions out of poverty as a result. He won the 2006 Nobel Peace Prize in recognition. Now he is pressing for ... Continue Reading

Ex-Macquarie banker Newton Chan on market manipulation charges

Published By admin On Monday, March 15th 2010. Under Corporate Banks  Tags: ,   
Ex-Macquarie banker Newton Chan on market manipulation charges
A FORMER Macquarie trader has pleaded guilty to share market manipulation / news.com.au Source: news.com.au Trader allegedly inflated company's share price Company eventually collapsed in 2008 Trader pleads guilty to market manipulation A FORMER Macquarie Equities senior client adviser is to face the Supreme Court of Victoria for sentencing after pleading guilty to charges ... Continue Reading

Ban $2 ATM transaction fees – Greens

Published By admin On Thursday, March 11th 2010. Under Corporate Banks  Tags: , ,   
Ban $2 ATM transaction fees – Greens
The Greens have called for an end to $2 ATM transaction fees / File - AAP THE Australian Greens want to ban major banks from charging $2 fees for non-customers to withdraw cash from their ATMs. The party will propose amendments to the trade practice laws to stop major banks charging for ... Continue Reading

Banks’ $1.2bn credit card cash-in

Published By admin On Thursday, March 11th 2010. Under Corporate Banks  Tags: , , , ,   
Banks’ $1.2bn credit card cash-in
Credit card interest rates are on the rise / File - Karen Collier, Herald Sun MILLIONS of credit card customers will be whacked with another interest rate rise amid fears the global financial crisis is being used as an excuse to rort consumers. The Commonwealth Bank and Westpac will slug card holders an ... Continue Reading

NAB joins other banks in matching RBA

Published By admin On Wednesday, March 3rd 2010. Under Corporate Banks, RBA  Tags: , , , , , ,   
NAB joins other banks in matching RBA
CHRIS ZAPPONE National Australian Bank joined Westpac and the other major banks in raising its standard variable mortgage rate by 25 basis points, matching the increase announced by the Reserve Bank. Westpac's standard variable rate - the type of mortgage most Australian borrowers have - will be 7.01 per cent, while NAB’s ... Continue Reading

Bank shares may offer happy returns

Published By admin On Sunday, February 28th 2010. Under Corporate Banks  Tags: , , , , ,   
Bank shares may offer happy returns
Anthony Keane - News Limited newspapers Next five years good for banks, say analysts Big four in better health than global banks Bank share prices have bounced back FOR years the big four banks were a defensive cornerstone of an Australian share portfolio, before the global financial crisis blew that idea apart. Their share prices ... Continue Reading
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