Latest news (24,529 items)

Credit market turns on the bank

Investors sold off Adelaide Bank debt in light of the profit. The bank's subordinated debt, which matures in 2009, fell $1, or 0.9 per cent, to $106.50, in a pretty thinly traded security on the ASX. read more

Jon Wood leaving Coles

The AFR reports that Jon Wood will leave Coles Myer in the middle of the year. Wood is effectively responsible for the retailer's plans to enter financial services. read more

CBA don't need capital

In the racket over whether CBA' capital is sufficient or not, Tower's head of Australian equities, Albert Hung, dissents. I don't think the capital situation is that stretched. The quality of the loan book is OK and they have a large mortgage portfolio, so they probably don't need to raise more capital." Financial Review read more

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