ANZ today advised it has finalised the sale of its previously announced six retail and wealth businesses in Asia, allowing it to further focus on institutional and large corporate customers moving goods and capital across the region. Originally announced in … Continue reading Australia & New Zealand Banking Group Finalises Sale of Six Asian Retail and Wealth Businesses
Suncorp today provided its quarterly update as at 30 September 2017, as required under Australian Prudential Standard 330. Total lending grew 2.4% over the quarter, primarily due to strong home lending supported by improved capability, simplified processes and improved retention. … Continue reading Suncorp Bank Provides Australian Prudential Standard 330 Update
Macquarie Group (ASX: MQG; ADR: MQBKY) today announced a net profit after tax attributable to ordinary shareholders of $A1,248 million for the half-year ended 30 September 2017 (1H18), up 19 per cent on the half-year ended 30 September 2016 (1H17) … Continue reading Macquarie Group Announces $A1,248m Half-Year Profit
ANZ today announced it has reached a confidential in-principle agreement with the Australian Securities and Investments Commission (ASIC) to settle court action relating to the Australian interbank BBSW market. As a result, this morning ASIC has asked the Court to … Continue reading Australia & New Zealand Banking Group Announces ASIC Agree In-Principle Settlement Over BBSW Case
ANZ today announced the Chair of ANZ New Zealand John Judge will be retiring from its Board of Directors in January 2018. Mr Judge has been on the ANZ New Zealand Board since 22 December 2008 and has been Chair … Continue reading Australia & New Zealand Banking Group Announces Board Changes and Chairman Appointment
ANZ today announced the sale of its OnePath pensions and investments (OnePath P&I) and aligned dealer groups (ADG) business to IOOF Holdings Limited (IOOF) for $975 million. As part of the agreement, ANZ will also enter into a 20–year strategic … Continue reading Australia & New Zealand Banking Group Announces Sale to IOOF Holdings
Bendigo and Adelaide Bank (“BEN”) today announced an offer of new Converting Preference Shares 4 (“CPS4”), which are expected to be quoted on the Australian Securities Exchange (“ASX”) and trade under the ASX code “BENPG”. CPS4 Offer BEN intends to … Continue reading Bendigo and Adelaide Bank Announces New CPS4 Issue
Commonwealth Bank of Australia (ASX:CBA) announces that it is undertaking a strategic review of its global asset management business, Colonial First State Global Asset Management (“CFSGAM”), also known outside of Australia as First State Investments (“FSI”). CFSGAM is a global, … Continue reading Commonwealth Bank of Australia Announces Strategic Review of Options for CFSGAM, Including IPO
Commonwealth Bank today announced the sale of 100% of its life insurance businesses in Australia (“CommInsure Life”) and New Zealand (“Sovereign”) to AIA Group Limited (“AIA”) for $3.8 billion (the “Transaction”). The sale agreement also includes a 20-year partnership with … Continue reading Commonwealth Bank of Australia Announces Divestment of Australian and NZ Life Insurance Businesses
Insurance Australia Group (IAG) revealed on Friday morning that full-year profit attributable to shareholders fell to $625 million in the year ended June 30, down 14.1 per cent from the previous year. The percentage of shares to be bought back … Continue reading IAG ANNOUNCES $300M SHARE BUYBACK
