Esanda sale needed to release capital

ANZ plans to sell its Esanda finance business principally to release capital for the group, Shayne Elliot, the bank's chief financial officer, told an investor briefing yesterday. read more

ANZ Asian profit 'unhelpful'

ANZ's statutory profit in Asia is superficially one of its best yet, equivalent to 16 per cent of group profit in the half year to March 2015. This is up from 14 per cent in the prior half. read more

St George sales trail Westpac

Westpac's multi-brand strategy is struggling to differentiate its operations from those of the core retail bank brand, if the few financial metrics shared with investors are any guide. read more

Coles breaks GE payments shackles

Wesfarmers will go it alone in the Australian credit market under its Coles brand, after opting to buy out GE Capital's 50 per cent share in a longstanding joint venture. read more

Broker AFG launches A$140 million IPO

Australia's largest mortgage broking group, Australian Finance Group, yesterday lodged a prospectus for an initial public offer and listing on the Australian Securities Exchange. read more

NAB rethinks pricing options

National Australia Bank may be looking to lift margins on many core products as its searches for a story that will convince investors to reconsider their analysis of the bank. read more