ANZ Banking Group

ANZ Sells Visa Share for $225 Million


ANZ Bank (ASX:ANZ) has sold the last of its shareholdings in Visa Inc.

  • The company sold the last of its stake in Visa selling off 3.5 million shares. ANZ netted a profit after tax of $244 million from the trade.

ANZ CEO Concerned About Mortgage Defaults


Feeble house prices and a rise in mortgage arrears are a cause of concern and likely to remain, said ANZ Bank (ASX:ANZ) chief executive officer Philip Chronican on Thursday.

"Household arrears are a concerning trend; yes, you want to watch it, but it is not disaster," Chronican told reporters at a business conference on Thursday.

"It's a problem that's going to stay with us for a while. I don't know if it will get worse or not.”

Westpac Expands Into Beijing


Westpac (ASX:WBC) has received regulatory approval to open a branch in Beijing. The branch opens on June 29 and is located in the World Finance Centre in Beijing's central business district.

Australia's second-largest lender by value also plans to open two more China branches in the medium term. The two branches are in addition to the Shanghai branch which opened in 2008, the first Westpac branch in China.

Europe Debt to Boost Funding Costs for ANZ


ANZ Bank's (ASX:ANZ) chief executive officer Mike Smith has cautioned that increased funding costs may result from Europe's debt volatility. New York-based Moody's Investors Service cut ANZ's credit ratings just last week, along with the big four Australian banks' ratings.

ANZ Bank Profit Jump 53 Percent


Australian banking conglomerate, ANZ Bank (ASX:ANZ) have seen its profit jump 53 percent in the last year. The bank posted a statutory profit of $4.5 billion after tax, up from $3.38 billion last year. While underlying net profit is up 33 percent to $5.02 billion.

ANZ Bank Dividends

9 August, 2010 - 19:25

Study the historical dividends for AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive ANZ dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the ANZ dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

Targett Speaks about ANZ Failures


After leaving ANZ Banking Group (ANZ) in June 2007, for the first time Steve Targett, the former institutional banking chief has spoken claiming that the bank could have saved around $200 million worth of settlement costs and innumerable damage that struck its reputation only if it went for an internal recommendation during 2007 that insisted that instead of ramping Opes Prime Business, the bank should exit from it. According to Mr.

ANZ Bank Likely to Buy RBS Assets


Although RBS group’s businesses in Asia made a loss last year, ANZ Banking Group (ANZ) is expected to move forward with its plans to buy Royal Bank of Scotland’s assets in this region. The half year result of RBS corresponds with the ANZ Bank’s regional plans as far as the purchase of operations in Taiwan, Indonesia, Hong Kong, Singapore, The Philippines and Vietnam are concerned.

Australian Banking Sector Update


Here is an Australian banking sector update from Australian market analyst UBS.

Labor Govt keeps the Four Pillars Policy

Rudd Government is committed to the four pillars policy:

Banking Sector Update


Australian Banking Sector Update provided by Australian stockmarket analyst Macquarie Research Equities.

Banking Sector Revisited

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