Financial Services

B20 backs Abbott on China bank

Business group rejects concerns about Australia’s decision not to join regional bank.

ANZ reaches its tipping point

It was ANZ’s Australian retail business that shone in the latest results, but its Asian diversification model is increasingly persuasive and is catching on with its three main rivals.

CBA bolsters capital with $1bn notes issue

Bank boosts Tier 2 capital, receives strong support for 10-year subordinated notes issue.

Abbott still open to Asia bank

by AAP
PM hasn't fully ruled out signing up to a new $54bn Asian infrastructure bank led by China.

KGB Interview: NAB's Andrew Thorburn

1 comment
NAB's chief executive discusses the company's plans to exit the UK and gives his views on what impact the Financial System Inquiry might have on the bank’s capital holdings.

ANZ lifts full-year profit by 10%

Lender posts cash profit of $7.12bn in fiscal 2014, warns of cost to economy of more regulation in the financial sector.

Macquarie Group H1 profit lifts

Group sees FY profit coming in slightly above previous year as H1 profit grows 35%.

Strategy fears sunk China bank deal

Cabinet's national security committee found against Aust joining a new $50 billion Asian bank.

ANZ profit expected to top $7bn

by AAP
Bank expected to announce record annual cash profit due to growth in Asia.

Greek stocks fall on bank stress test worries

by AFP
Banking index plunges 7.3 per cent, broader market loses 3.6 per cent as capitalisation fears weigh.

Bad loans rise at China's four largest banks

Twenty-two per cent growth in bad debt this year comes as banks decrease provisions.

Italy sees market solution for banks' capital shortfall

Economy Minister says market will enable two banks to fill ECB requirements.

Barclays sets aside $912m for forex claims

by AP
UK bank says claims 'every bit as bad' as Libor scandal.

NAB plays down lending risk

by AAP
Thorburn responds to RBA comments, says borrowers staying ahead on repayments.

AMP buys China Life Pension stake for $240m

Deal brings near 20 per cent stake in China's biggest pension company, strategic foothold in rapidly growing market.

Thorburn’s NAB clean-up needs lots of work

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The new CEO has much to do beyond offloading the UK operations in getting the bank back on track.

NAB's problems are at home

While analysts focus on the NAB’s UK situation, buried in the NAB profit announcements are a number of serious Australian problems.

Government is failing us on white-collar crime

White-collar crime in the form of 'control fraud' is rampant in the finance, insurance and real estate sectors. Nothing short of a Royal Commission is needed to root it out.

BTIM full-year net profit surges

BT Investment Management'S strong FY result driven by expanding margins.

Why did it take Apple 15 years to roll out Apple Pay?

If it wasn’t for the egos of the different companies involved in making mobile payments systems work, it would already be a lot more widespread.