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ANZ said it appointed Graham Hodges acting chief executive of the bank's  Australian operations following the weekend decision of Brian Hartzer to leave the bank and take a new job elsewhere. read more

A return on equity for Macquarie Bank of six per cent in the March 2009 second half is, so far, the worst financial result for a major financial services firm in Australia arising from the two stage c.. read more

In a presentation yesterday for select financial media, GE Capital divulged some rare, consolidated data on its Australian businesses. The data, quoted below, is somewhat stylised and collated in a wa.. read more

GE Capital remains on the hunt for acquisitions in the Australasian market, though any new investments will have to be in fields of finance where banks are weak. read more

The objectives of Commonwealth Bank as the new owner of Bank of Western Australia may explain a large part of the drastic rise in bad-debt provisions for BankWest disclosed yesterday. read more

A syndicate of 20 banks will have to pay $1.58 billion to the liquidators of Bell Group, Judge Neville Owen of the West Australian Supreme Court ruled yesterday. read more

The Reserve Bank of New Zealand said yesterday that it trusted that banks would, on this occasion, "pass on a lot" of the reduction in the cash rate pushed through by the RBNZ yesterday. The official.. read more

Steadily worsening trading conditions for business customers, especially over the month of March, explain the surprise experienced by banks themselves, as much as by investors in bank securities, at t.. read more

One reason ANZ surprised itself, and the market, over the level of bad debt among businesses was that the bank failed to notice until very late in the half year the increasingly difficult circumstance.. read more

ANZ has a target of earning 20 per cent of its profit from banking businesses in Asia and, on the woolly numbers for the March 2009 half, is half way there. The Asia businesses, which are a collection.. read more