The principal activities of the Australia and New Zealand Banking Group during the year were general banking, mortgage lending, leasing, hire purchase and general finance, international and investment banking, nominee and custodian services, executor and trustee services and life insurance and... More
Sunday, Jul 82012, 3:17 AMThe chances are high that Barclays (BCS) will appoint an external candidate unsullied by the Libor affair as its new CEO, the WSJ reports. Names being bandied about include former JPMorgan exec William Winters and Australia & New Zealand Bank CEO Michael Smith. Internally, Antony Jenkins and Naguib Kheraj are in the running. Meanwhile, separating the investment bank can' be dismissed. |Sunday, Jul 82012, 3:17 AM| 3 Comments
Thursday, May 312012, 7:43 AMA comment from Australia's top bank regulator that the country's lenders have enough funding for months may be meant to reassure, writes Cynthia Koons, but it's like an airplane pilot saying he has enough fuel for a few more hours. Aussie banks are unusually dependent on overseas funding, and are thus impacted directly by EU stress. WBC +1.5% YTD. |Thursday, May 312012, 7:43 AM| Comment!