Financial Services

Deutsche Bank profits, legal expenses rise

by AP
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Bank's new co-CEO says financial performance unsatisfactory despite surge in earnings.

Santander reports profits surge

by AFP
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Spanish bank sees quarterly profits surge 17.2%, but stock still falls.

Carlyle takes lead in race for Esanda loans

Second round of bidding sees private equity group edge ahead of Macquarie, HNA Group.

ASIC unveils lending crackdown

Greg Medcraft paves the way for a crackdown on lending standards at major Australian banks.

Henderson wary about investor nervousness

by AAP
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Global asset manager lifts first half profit but says ability attract new funds is challenge for industry.

PNG's Kina jumps on ASX debut

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Shares in Papua New Guinea financial firm Kina Securities rally after IPO sparks strong demand.

NAB pumps $50m into fintech start-ups

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The NAB Ventures fund to focus on developing in-house product offerings and explore the role of emerging technology in solving consumer pain points

Deutsche, Sankaty team up for GE loans

Sankaty Advisors, Deutsche join forces to bid for General Electric’s $3 billion commercial loan portfolio.

Barclays' first half profit jumps 43%

by AFP
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Barclays, the UK lender recently plagued by market-rigging scandals, reports a 43% lift in first half profit.

AMP freezes investor loan approvals

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Bank tightens access to investor loans, raises variable rate by 0.47%, freezes new loans.

Industry backs ANZ's super top-ups

by AAP
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ANZ will pay extra $500 superannuation a year to female employees with low accounts.

NAB completes GWB divestment

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Lender to incur $67m loss on sale of regional US lender as it refocuses on core businesses.

Bank competition and the cashless society

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Retailers around the world are shifting towards cashless payment systems, which could spell trouble for the banks.

Radio Rentals in the spotlight

Mooted sale of the $100m-plus SA-based retailer Radio Rentals draws interest from FlexiGroup.

NAB moves to sell GWB stake

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Lender to sell 12.7 million shares in secondary GWB offering, fully divest ownership.

Tindall to head AMP Capital

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Adam Tindall will replace Stephen Dunne as managing director of AMP Capital from Oct.

Westpac hurt by tech issues: report

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Bank unable to charge different rates to investors, glitch potentially costing $1m a day.

UBS posts 53 % rise in 2Q profit

by AFP
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Swiss bank UBS has posted second quarter profits of 1.2bn Swiss francs ($A1.72 billion), up 53% from the same period a year earlier.

NAB rate rise targets investors

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Bank becomes third major lender to increase interest rates under regulatory pressure.

Westpac seeks to raise $750m

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Bank to raise around $750m with notes issuing, which will qualify as Tier 1 capital.

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