Australia

NAB optimistic that he can make each quarter better than the last as timing of the turnaround is not under the bank’s control.

ANZ reported a 27 per cent rise in the first-quarter underlying profit on good momentum and lower provisions for bad debts.

The bank’s initiative of paying $700 fee charged by rivals sound commercial decision for the good of customers.

The lender wants to capitalize on expected corporate lending boom by expanding institutional banking.

The lender pushes move despite amidst Senate Economics Committee report on banking competition.

Westpac has set up an emergency banking relief service in Tully for Cyclone Yasi -affected customers. This will allow them to cash emergency relief cheques and perform basic banking transactions.

Small restructure in the bank’s retail distribution not a start of mass layoff but to increase efficiency.

The 14 year relationship of two companies enables NAB to give their clients wider range of BNY products.

Since the global financial crisis, tax authorities globally have been carefully monitoring compliance risks from planning activities associated with the use of tax losses by banks.

Samuel alleged Smith had engaged in price signalling when the latter said ANZ might increase its interest rates over and above the level imposed by the Reserve Bank.

The bank waits to see a statement of claim in the matter while it will vigorously defend the case.

Contrary to reports the bank’s chairman endorses Kelly as she provided strong leadership to the bank.

An increase in spending on technology is expected over the next five years to hit US$132 billion, according to Ovum.

Qilu Bank has been alleged to have received $227mln worth of forged commercial bank bills.

The bank issued $1bln three-year notes, $1bln 10-year bonds and $1bln three-year floating rate notes.

The lender eyes Japan expansion apart from South Korea, China, Southeast Asia and India.