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Prime Minister Kevin Rudd says family budgets will be hurt if the Reserve Bank decides to increase interest rates on Tuesday.
But must wait for the AXA-AMP exclusivity agreement to expire
The company anticipates a post-tax profit of $550m
Two Australian bankers are facing fraud charges in Papua New Guinea over allegations made against them by a former politician.
Australia's banks are partly insulated from rising house prices and a profit upgrade by the nation's largest lender, Commonwealth Bank, would result in higher than expected first half earnings, Fitch Ratings says.
Fitch Ratings has applauded proposed prudential liquidity changes for Australian banks and warned of further deterioration in their asset quality as highly geared households come under pressure from rising unemployment.
Treasurer Wayne Swan has accused three out of the four big banks of gouging customers by hiking interest rates higher than rises in the official cash rate.
Without the raise Westpac would have risked weakening the entire Australian economy, according to chairman Ted Evans
Bank of Queensland (BoQ) chief executive David Liddy says the Australian banking sector is moving closer to a "retail-style oligopoly".
Commonwealth Bank today became the latest to reassure investors that its bottom line will not be threatened by the debt moratorium
The first stage of the $600 million acquisition of RBS's operations in Six Asian countries
The company's Tier 1 capital has been lowered by $1b worth of redemptions in the past six months
Nearly a third of the company's earnings from the whole of FY09
The worst is over, but overregulation could cause second credit crunch: CEO
Rumours to the contrary the result of "clumsy" attempts to create a buyers' market
Blackmont Capital employs 130 financial advisers in 13 locations
The company has abandoned its old logo after 20 years
The recent ruling in the Westpac case may apply to its own New Zealand operations
A 16% increase in deposits helped the company weather the economic crisis
May appeal the $753m fine
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Defining Business Analytics and Its Impact On Organisational Decision-Making
Computerworld invited IT and business professionals to participate in a survey on business analytics. The following report represents top-line results of that survey. Find out what 215 respondents from top companies had to say; read on now.