Bank Investments News
Senior Man Spurns Cba For Boutique Banker
Tuesday September 30, 2008
ONE of Commonwealth Bank's most senior executives has resigned, which has thrown a cloud over the bank's succession planning and may lead to a reshuffling of management ranks.
Stuart Grimshaw,Business In A Minute
Tuesday September 30, 2008
Grimshaw takes the high road
One of Commonwealth Bank's most senior executives has resigned, in a move that has thrown a cloud over the bank's succession planning and is likely to lead to a reshuffling of management ranks.Nab Eyes Bail-out Funds
Tuesday September 30, 2008
THE relative immunity of Australian banks to the souring of US home loans means the sector is unlikely to draw any immediate joy from the American rescue pool, although the National Australia Bank is the most likely beneficiary.Anz Mixes Message; Falcon Off Course
Wednesday September 24, 2008
SECURITY is a buzzword at Australia's fourth-biggest bank.Asic Bans All Short-selling
Monday September 22, 2008
THE Australian Securities and Investments Commission has dramatically widened its crackdown on short-selling, banning the practice across the entire sharemarket for at least a month as a "circuit breaker" to restore confidence.Asic In Total Ban On Short Selling
Monday September 22, 2008
THE Australian Securities and Investments Commission has dramatically widened its crackdown on short selling, banning the practice across the entire sharemarket for at least a month as a circuit breaker to restore investor confidence.Bad-debt Bank In Pipeline
Saturday September 20, 2008
AN AUDACIOUS plan to eliminate banks' bad debts has spurred a sudden recovery on world markets, providing a much-needed confidence boost for banks, which led the Australian sharemarket 4.3% higher.Bad-debt Bank In Pipeline Us Plan To Control Mortgages
Saturday September 20, 2008
AN AUDACIOUS plan to eliminate banks' bad debts has spurred a sudden recovery on world markets, providing a much-needed confidence boost for banks, which led the Australian sharemarket 4.3% higher.Midas Of Misery Short On Friends Worldwide
Saturday September 20, 2008
A NEW YORK hedge fund manager with large investments in Australian companies has been singled out as "the Midas of Misery" after making massive profits through short selling.
Harbinger Capital Partners, Philip Falcone,Bank investments in savings accounts
Thursday September 18, 2008
Bank investments in savings accounts may be best not to move around too often.Macquarie Model Called Into Question
Thursday September 18, 2008
THE ratings agency Standard & Poor's has called into question the entire Macquarie Group business model, as the investment bank discusses how to shore up the corporate regulator's confidence in the company.Macquarie Under Scrutiny As Rating Cut Looms
Thursday September 18, 2008
MACQUARIE Group is expected to come under more pressure after ratings agency Standard & Poor's revised down its outlook for the investment bank, warning dislocated global markets could affect its balance sheet.$2bn Of Good Reasons For Pm To Understand Australia's Lehman Exposure
Wednesday September 17, 2008
Now that Lehman is bankrupt, what is the state of play for all the CDO investments in Australia?Ratepayers' Millions In Sunken Ship
Wednesday September 17, 2008
HUNTER Region ratepayers could lose millions after the collapse of Lehman Brothers, with $500,000 of Newcastle ratepayers' money already disappearing into the black hole created by the downfall of the US investment bank.Councils Try To Recover Losses
Wednesday September 17, 2008
NSW councils trying to recover hundreds of millions of dollars invested in complicated, high-risk US investment products have begun writing down the value of their investments and are preparing to cut spending on major infrastructure, including roads and footpaths.Allco Creditors' Vote Thwarts Nab
Monday September 15, 2008
NATIONAL AUSTRALIA BANK has been thwarted in its bid to place more than a dozen private companies associated with Allco Finance Group into liquidation, after creditors opted to pursue a work-out plan.Nab Thwarted On Allco Move
Monday September 15, 2008
NATIONAL Australia Bank has been thwarted in its bid to place more than a dozen private companies associated with Allco Finance Group into liquidation, after creditors opted to pursue a workout plan.Tongues Wag About Nab Taking Another Big Hit
Friday September 12, 2008
The bank confidently denies the need for another write-down, but the talk persists.Dragon Ties Knot, Jobs On Agenda
Tuesday September 9, 2008
WESTPAC will make a head start over planning its merger with St George Bank, including having finalised key executive appointments at the banking behemoth for the end of the year, after its smaller rival yesterday gave final backing for the $18.6 billion deal.How The Web Of Lies Fell Apart
Friday September 5, 2008
AS FIREPOWER employees swaggered across HMAS Sydney, continuing to gush about joint ventures with oil giants and a possible takeover by Macquarie Bank, they also unwittingly scripted the beginning of the end of the company's improbable tale.Council In $59m Subprime Suit
Friday September 5, 2008
THE notions of "sophisticated investor", "subprime", "conflict of interest", "liquidity", "a derivative" and "proper disclosure" are poised to get a thorough workout in the Federal Court as a local shire council shapes up against an investment bank in a lawsuit over failed structured finance products.Firepower Chief Back To Try Again
Tuesday September 2, 2008
MILLIONS of dollars invested in the failed fuel-pill company Firepower may be stashed in overseas bank accounts and are being used to build a replica company, according to the court-appointed liquidator of the company's Australian arm.