Banking industry
The Bendigo Bank has launched a scathing attack on Crown Casino's role in attracting and exploiting problem gamblers who have embezzled funds from banks to finance their addiction. The bank's concerns stem from the recent case of a sacked employee who allegedly stole $5 million and
Banking industry
Hilton Group's robust performance is attributed to a positive response from investors during a recent roadshow and the company's disposal program. The hotel and gaming operator's chief executive, David Michels, and finance director, Brian Wallace, have been engaging with City investors, and their presentations
Banking industry
Wilson HTM, one of Australia's last remaining independent stockbrokers, is set to vote on a deal that would see Deutsche Bank acquire a 19.9% stake in the company. This move is significant, particularly in the context of Deutsche Bank's bid to play a key role
Banking industry
Integrating Deutsche Bank's revised price assumptions and increased forecasting for oil and gas prices into the market, oil major shares saw significant gains on Friday. Exxon Mobil topped the list, with its share price rising 2% to $63.69 per share after Deutsche Bank increased its price target
Banking industry
Lachlan Colquhoun ALLAN MOSS, the chief executive of Australia's Macquarie Bank, has used a Chinese proverb to describe the approach that has transformed his company from an outpost of a British investment bank to a global player inside 20 years. Under Moss's leadership, Macquarie has grown
Banking industry
Taiwan has raised concerns with China over the restrictions it has imposed on foreign banks operating in the country, arguing that they violate China's commitment to the World Trade Organization (WTO). The Taiwanese government has questioned whether China's policies align with the rules of the General
Banking industry
Sun Motor International, a Hong Kong-based company, has engaged Silverman Heller Associates and Trenwith Securities to develop and implement a comprehensive investor relations program and to coordinate fund raising activities. The company aims to expand its dialogue with the investment community, attract new investors, and maximize shareholder value. The appointments
Banking industry
As petrol prices soar and the housing sector softens, Australian consumers have entered an era of market conservatism, shunning new personal debt, economists said. The Australian Bureau of Statistics (ABS) reported a decline in total personal finance commitments in July, while commercial finance and dwelling purchases also saw significant drops.
Banking industry
The Reserve Bank of Australia (RBA) raised interest rates in February, and since then, new lending for housing has been trending lower, fueling concerns about the outlook for employment. The Australian Bureau of Statistics (ABS) data shows that new lending for homes fell by three per cent in July to
Banking industry
China's big banks, Industrial and Commercial Bank of China (ICBC), Bank of China (BOC), and China Construction Bank (CCB), have surprised investors with their valuations, with each reportedly worth around US$30 billion. This is on par with the valuations of Bank of America's deal for
Banking industry
Axalto Palmera, a product of Axalto, has achieved the first EMV certification issued in China. This certification, awarded by the China Banking Card Test Center, is based on the debit/credit specification by People's Bank of China (PBOC) and is fully compliant with the international EMV2000 standard. With
Banking industry
Philippine President Gloria Macapagal Arroyo has appealed to Congress to give utmost priority to the P1.05 trillion (US$18.7 billion) General Appropriations Act of 2006, calling it a strategic tool to fight poverty and protect against the looming oil crisis. The 2006 budget, which is 14.7% higher
