Australia

Westpac appoints Peter Hanlon, as group executive transformation & productivity

Christine Parker will take over group executive human resources post vacated by Hanlon.

Westpac appoints Peter Hanlon, as group executive transformation & productivity

Christine Parker will take over group executive human resources post vacated by Hanlon.

NAB still has no agreement with NBNK Investments

The lender’s decision to sell its UK operations is still pending.

Bank Mandiri’s investment arm taps Australian market

Mandiri Manajemen Investasi’s ties up with AFM Investment Partners to open Indonesia's stock market and bond market to Australians.

Westpac to open 7 Bank of Melbourne branches

The move comes amidst renewed pressure to curb costs as many Australian lenders have seen their revenue decreased.

Commonwealth Bank half year profit up 11% to $28.8mn

The lender seen to weather economic storms as it continues to maintain strong capital and liquidity ratios.

National Australia Bank plans to launch Jakarta office

The setting up of office will facilitate greater economic, trade and investment flows between Indonesia, Australia and New Zealand.

Capital ratios of Australian banks to be more conservative under Basel III: Fitch

Full implementation of the new Basel III minimum capital requirements is scheduled for 1 January 2013.

Westpac starts $1bn campaign to boost business

The bank intends to lend one billion dollars to local businesses in the next six weeks with perks and incentives.

ANZ gears up to buy Aozora Bank

The lender believes Japan offers opportunities for the group as the Japan’s hefty savings could help transform the Australian bank's structural dependence on offshore borrowing.

Westpac posts sluggish private credit growth

The lender’s senior economist said the 0.2% growth as "sub-par".

Australian banks face tightening online competition

Small online are among those offering standard variable interest rates a full percentage point below those offered by bricks-and-mortar bank rates.

Top five mistakes junior banking professionals make in job interviews

How you perform in job interviews is arguably the most important factor in determining whether or not you secure the job you want. This is particularly true for junior banking professionals, whose limited job-specific experience can mean interview performance is the key differentiator between candidates competing for the same role. In our experience at Robert Walters, there are five key mistakes commonly made by junior banking professionals in job interviews that instantly disadvantage them. If you can avoid these mistakes, you’ll be well on your way to interview success. 1. Not adequately researching the organisation they are interviewing with While it seems like a basic step to undertake when looking for jobs, we still see a number of candidates who don’t properly do their due diligence on the company they’re applying to work for. It is vitally important for candidates to be able to talk confidently and intelligently about what their potential employer does. You should be able to recite specific facts about the organisation, including:

ANZ plans raising $786mn in convertible preference shares

The shares, considered tier 1 capital under Basel III reforms, are eyed to carry an annual margin of 3.1%-3.3%.

ANZ Bank has momentum for another record profit

ANZ Bank will likely raise its full-year earnings growth to another record profit.

Job cuts and outsourcing in Westpac loom

The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.

Bendigo and Adelaide Bank profit up to $342.1mn

More than 90% of the bank's on balance sheet funding comes from retail deposits.

Australia’s major banks eyed to post more huge profits

Yet weakness in Australian economy’s consumer-exposed sectors and the impact of natural disasters may push bad debts up anew.