Australia

The Australia and New Zealand Banking Group Ltd reports a record profit of US$3 billion in its first-half ending March.

The UK units of National Australia Bank Ltd have become a pox on the Australian bank’s operations.

Australia’s banking and finance people seem a dissatisfied lot.

Commonwealth Bank of Australia intends to generate more than half its profit overseas.

Australia'sthree other big banks are not ruling out interest rate hikes after ANZ's rate increase on home and small business loans.

St. George Bank agreed to pay seven former staff the "retention incentive bonus" promised to 118 key staff nearly four years ago.

The once pariah nation of Burma appears an attractive prospect for the Australia and New Zealand Banking Group.

Australia's Westpac Bank announced that 126 more jobs would be cut in its efforts to reduce costs.

Australia and New Zealand Banking Group Ltd has become the first Australian bank fully licensed to offer a broad array of renminbi-related products and services to customers in China.

Despite a Q1 performance it described as “solid with good results,” ANZ will axe over 1,000 more jobs in anticipation of a worsening of the malaise affecting world banking.

ANZ chief executive Mike Smith  promised to protect future profits by again raising lending rates independently of the Reserve Bank.

One of Australia’s most stable banks is cut by the banking crisis.

A senior offical of Australia's Reserve Bank attributed claims by the big four banks that funding costs are rising to the European crisis.

ANZ Bank warned of more unilateral interest rate increases as funding markets remain fragile and could blow out again.

After ANZ and Westpac's increased interest rates independently of the Reserve Bank, analysts are expecting Commonwealth Bank and NAB to follow suit.

ANZ and Westpac increased interest rates for mortgages and small business by six and ten basis points.