Latest news (24,878 items)

McFarlance reiterates Asian strategy

John McFarlane reiterated ANZ's plans to invest in east Asia in briefings for the media and analysts on Thursday, taking the line that, "we are slightly surprised that people are surpised," at the bank's Asian strategy. read more

The investor saving ERG

The SMH has followed up the earlier work of the West Australian, with this valuable profile of Duncan Saville, the investor behind Ingot, which in turn is the key stakeholder now in smart card and ticketing company ERG, and also in to mortgage funder Resimac. read more

ANZ profit falls 10 per cent

ANZ Bank's profit for the half year to March 2003 show the bank is trading well in its Asia Pacific, New Zealand and asset finance segments; moderately well in mortgages, corporate and institutional; making marginal gains in personal banking and going backwards in credit cards. read more

Returns decline

The bank's return on equity fell to 20.3 per cent in the March 2002 half, down from 24.8 per cent in the September 2002 half, and also down from 21.6 per cent in the March 2002 half. read more

Credit quality improves

The market flap in February and March over the ANZ supposed credit losses in the US energy sector haven't come to pass, with improving indicators on credit quality in the current half. read more

Card strategy ‘evolving'

The pre tax profit of consumer finance, which includes the credit card business, fell to $47 million in March 2003, down from $71 million in September 2002 and from $79 million in March 2002. read more

Credit card market share mixed

In Australia, credit card outstandings grew by six per cent, to $4.11 billion in the March 2003 half; and by 11 per cent in New Zealand. On Reserve Bank data which shows card outstandings increased eight per cent in the six months to February 2003 that suggests ANZ lost market share in the half year. read more

Losing market share in mortgages

After a flat profit in the September 2002 half, ANZ seems to have decided to abandon the chase for volume and instead manage for profit in the mortgage business in Australia and New Zealand, read more

Personal banking project taking time

The pre tax profit in personal banking Australia increased to $188 million in March 2003, up from $185 million in September 2002 and from $169 million in March 2002. read more

National takes $46ml provisions on Kings Bros

National Australia Bank yesterday said it would take a provision of $46 million on leases and other loans of $132 million to the King Bros Bus Group. The bank appointed receivers and managers to the company two weeks ago, while the principals cannot be located. read more

Catuity ousts Mac Smith

Catuity yesterday decided not to renew the contract of its executive chairman and former chief executive, David Mac Smith, who may now leave the company altogether after 10 years. read more

Page 2219 of 2262 | Total articles: 24878