Latest news (24,867 items)

AMP Bank loss widens

For the record, AMP Bank Ltd recorded a net loss of $53.2 million in the year to December 2002 up from $46.6 million in 2001 and a significant difference from the net loss of $4.8 million reported by AMP as the contribution by its banking business in the group accounts back in February. read more

National's ATM furphy

National Australia Bank bought itself a day or two's worth of favourable publicity with the decision to pull National-branded ATMs out of gaming venues, but the move looks like a straightforward business decision which happened lend itself to convenient public relations. read more

St George ranked fourth largest MasterCard issuer

St George Bank is gaining so much ground as a MasterCard issuer and ANZ is giving up so much ground– that St George may now be the fourth largest issuer of MasterCard branded credit cards in Australia. read more

AMP Bank sells stale home loans

AMP Bank is nearing completion of the restructure of its balance sheet in preparation for the repatriation of capital to its parent, with plans to sell an ageing, $485 million mortgage pool into a securitisation vehicle, Progress 2003-1 Trust. read more

AMP Bank loss widens

For the record, AMP Bank Ltd recorded a net loss of $53.2 million in the year to December 2002 up from $46.6 million in 2001 and a significant difference from the net loss of $4.8 million reported by AMP as the contribution by its banking business in the group accounts back in February. read more

National's ATM furphy

National Australia Bank bought itself a day or two's worth of favourable publicity with the decision to pull National-branded ATMs out of gaming venues, but the move looks like a straightforward business decision which happened lend itself to convenient public relations. read more

St George ranked fourth largest MasterCard issuer

St George Bank is gaining so much ground as a MasterCard issuer and ANZ is giving up so much ground– that St George may now be the fourth largest issuer of MasterCard branded credit cards in Australia. read more

Adelaide Bank loan growth faster than reported

Adelaide Bank's growth in residential mortgage lending is in excess of 20 per cent, with the bank's share of the national mortgage market keeping tabs with, if not exceeding, the growth of the rest of the market. read more

NAB wholesale profit increases

National Australia Bank may be maintaining earnings momentum in its corporate and institutional banking business, but the division faces challenges in key market segments and in Europe. read more

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