Australia
National Australia Bank mulls defying regulator on Axa
NAB disagrees on ACCC’s ruling on competition issue and undertakes changes to pursue its US$13bln bid. National Australia Bank is considering sweeping changes to keep its A$14 billion (US$13.03 billion) takeover bid for Axa Asia Pacific (APH) alive and ease the regulator's competition concerns.
National Australia Bank mulls defying regulator on Axa
NAB disagrees on ACCC’s ruling on competition issue and undertakes changes to pursue its US$13bln bid. National Australia Bank is considering sweeping changes to keep its A$14 billion (US$13.03 billion) takeover bid for Axa Asia Pacific (APH) alive and ease the regulator's competition concerns.
ANZ chief goes for a 'transformational' deal
Smith eyes a partnership with an Indian or Singaporean bank to expand further its Asian operations.
Australia regulator scraps National Australia Bank's AXA bid
ACCC cautious that merger could reduce competition in country's retail investment market.
ANZ and Finance Sector Union clash
FSU argues bank's plan to open Manila operations hub could cost 100 jobs in Australia.
ANZ to increase stake in Indonesia and Laos
Lender in discussions with PT Panin and ANZ Vientiane Commercial to obtain almost 100% ownership.
National Australia Bank to bid for RBS assets
NAB faces competition with Banco Santander and Virgin Money for takeover of 84% of RBS.
Mark Robinson appointed ANZ’s South, Southeast Asia CEO
Banker was former Citigroup’s chief in South Asia.
Commonwealth puts new contactless payment system to test
System enables to make purchases of less than $91 without needing PIN or signature.
National Australia Bank positive on Axa acquisition
NAB believes regulator will favor its US$12mln bid for Axa takeover over rival's US$11mln offer.
Commonwealth beefs up equity business with new hires
2 ex-Merrill Lynch professionals appointment was prompted by lender's successful hiring of 16 people from rivals.
Commonwealth Bank tightens home lending policy
Lending criteria requiring creditors to commit 20% deposit is part of improving credit quality.
ANZ secures India license
Bank's offering of retail and wholesale services and opening of office in country are now possible.
HSBC earns US$1.4bln from initial Kangaroo bonds sale
Analysts believe improving lending conditions attracted Asia-Pacific investors as bank expands in the region.
ANZ declines AMP's US$3.6bln stake sale offer
Bank preferred to focus on integrating ING and ‘organic growth’.
National Australia Bank's bid for RBS stakes endangered
Plan of buying $3.1bln assets could be stalled as Britain's Labour government favors Northern Rock.
ANZ to rebrand wealth management unit
Sources said moniker “OneWealth” will be used to refer to its US$45 billion business.
National Australia Bank’s Q1 net flat at US$986mln
Subdued credit growth and fierce competition caused NAB to lag behind rivals.
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