Australia
NAB, Santander move ahead in RBS unit sale
NAB, Santander move ahead in RBS unit sale
Source said lenders topped rival BBVA as the latter failed to provide better offer.
Commonwealth Bank capitalises on small businesses
Small enterprises lending grows to 8.3% as it leads the competition with only 7.86% interest.
NAB to seek Axa Asia asset buyers
Lender in negotiation to dispose assets to win approval of Australia’s regulator.
ANZ plans to boost its Asian growth strategy
Lender mulls on spending US$4bln on 2 mega deals as it denied selling Bank Panin stakes.
Extension of Axa Asia deal with NAB possible
Parties discuss move to sell assets to appease the Australian Competition & Consumer Commission.
Westpac improves online trading platform
iPhone, iPod Touch and HTC Dream users can keep track of investments wherever they are.
ANZ completes acquisition of RBS units in Singapore
Lender expands presence in the state by taking over RBS's retail and commercial businesses.
Australian banks brace for class action
IMF Australia to represent 500,000 Australians in accusing lenders of illegally charging US$4.5bln for minor violations.
NAB shortlisted as bet for 318 RBS branches
NAB rivals Santander as they are the likely bidders after two other lenders were removed from the race.
National Australia Bank profit down 21% to $2bln
But lender positive that business lending spurt can help drive profit up in next 6 months.
Westpac profit up 30% to US$2.5bln
Lender posted above-expected net profit but cautious on Europe credit crisis’ effect on Australian market.
ANZ Bank dismisses AXA offer
AXA CEO lost interest in bid despite encouraging suggestions from US and Australian investors.
Commonwealth Bank does not require immediate funding activities
Bank said it has no need for immediate additional wholesale funding amidst Greece and Portugal credit crisis.
National Australia Bank eyes RBS deal
NAB seeks inclusion in $3.3bln RBS acquisition as it attempts to win its AXA bid.
Commonwealth Bank acquiring Vietnam International Bank's 15% stake
CBA bought $235mln VIB shares to capitalise on Vietnam's surging banking demand based from country's demographics.
ANZ to consider bidding for Korean Exchange stake
Australian lender plans to compete with local counterparts to expand its Asian business.
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.
Commentary
Why high capital levels are a double-edged sword for Singapore banks
WealthTech vs. Banks: The battle for Asia’s $700b digital wealth opportunity
Empowering Women in Finance: Securing a Future of Opportunity
Generative AI revolution: Asian banks on the brink of a new era