ANZ posts $6.5bn profit
ANZ boss Mike Smith says the bank is “firing on all cylinders” after posting a bumper $6.5 billion profit.
Banking
ANZ Bank head-hunts Gonski as chair
ANZ Bank chairman John Morschel is reportedly headhunting Future Fund chairman David Gonski as his replacement in 2015.
ANZ class action could hit big banks
THE class action against the ANZ bank could blow out to a string of financial institutions, a lead lawyer in the case says.
Westpac boss paid $9.2m
GAIL Kelly’s annual pay has fallen slightly but she maintains her position as one of Australia’s highest paid executives.
Westpac posts $7.1bn profit
BANK announces record full year profit, expects improving consumer confidence to help it build on the result next year.
Consumer confidence falls in Oct
THE Westpac/Melbourne Institute index of consumer sentiment in October fell 2.1 per cent, after hitting an almost three-year high the month before.
Westpac to target growth in 2014
WESTPAC has posted a record $7.1 billion profit and chief executive Gail Kelly says the bank will focus on growth as in looks to build on the result
EU slaps banks with record $2.5b fines
THE EU has slapped a record 1.7 billion euros ($2.5 billion) in fines on six banks for rigging key interest rates that affect vast sums around the world.
Bank milked penalty fees, court hears
BANKS milked unfair penalty fees from customers to boost profits, a $57 million class action against ANZ Bank has heard.
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