Latest news (24,989 items)

Citi's personal loans grow, home loans stall

As a foreign bank which compiles compliant statutory accounts but is not otherwise keen on disclosure, it's hard to tell how Citibank is travelling in the key parts of its business. Among other highlights from Citibank's accounts: read more

St George Bank picks up

St George Bank reported a sharp increase in profit in the March 2003 half that benefits from cost cuts, rising transaction fees from personal and business customers, more business lending, and, least of all, the boost to income from a home loan business that is growing well below market. read more

Losing less market share in home loans

The bank's rate of growth in housing loans picked up, but St George is still losing market share to big banks (which are growing more or less in line with system) and non bank providers. read more

Cards business gains market share

The bank's credit card issuing and merchant acquiring business gained some ground relative to competitors, though the bank disclosed few details. read more

Direct deposits growing fast

The high interest St George "direct" deposit product is growing quickly, and faster than the rate of growth of the other leader in the direct deposit space, ING Bank. read more

Users pays on transaction accounts

Customers might be turning to the direct saver account option, but from next month many more customers may pay extra for straightforward transaction banking. read more

Commercial banking improves

The bank's estimate of its market share of business banking increased to 5.2 per cent at February 2003 from 4.9 per cent at August 2002 and 4.5 per cent at February 2002. read more

Superbank capital confirmed

St George disclosed that the joint venture bank with Foodstuffs in New Zealand has start up capital of $34 million. The joint venture, known as Superbank, has one product (a savings account), for which sales are said to be ahead of the business plan. read more

JP Morgan making losses on broking

Investment bank JP Morgan reported mixed fortunes in Australia in 2002, winning one third more in market share in the equities business but making half as much money. read more

Page 2225 of 2272 | Total articles: 24989