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Profits for the big four Australian-owned banks were "obliterated" last year by massive bad debt charges and multibillion-dollar tax settlements, says PricewaterhouseCoopers. However the banks have come through the recession in better shape than expected, PwC said. The big four are National Australia… More
BNZ's owner, National Australia Bank, is tipped to be one of the suitors in a battle to buy the "good" bits of… More
Chief executives of the four major banks in New Zealand and Australia are relaxed about a potential escalation… More
4:00AM Wednesday December 30, 2009
Australia's major banks are set to grow their profitability in 2010, as bad debts decline and they leverage the… More
4:00AM Monday December 21, 2009
With National Australia Bank (NAB) now in the box seat to acquire the assets of AXA Asia Pacific, ANZ is keeping… More
- Aussie market closes sharply lower
- BNZ says customers staying loyal Doc
- Bad debts, tax worries hurt NAB
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