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UPDATE 2-Australia's CBA in talks to buy BankWest

reuters.com
07-Oct-2008
        
Story Timeline:  47 days

By Mette Fraende SYDNEY, Oct 7 (Reuters) - Commonwealth Bank of Australia (CBA.AX: ) (CBA) said on Tuesday it has started exclusive talks with British bank HBOS (HBOS.L: ) about a potential takeover of BankWest, HBOS' Australian operation, estimated to be worth A$2 billion ($1.45 billion). Earlier press reports had said CBA was looking to bid... [read full story]                    

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Latest article on this story:

CBA sinks on BankWest buy

 news.com.au 09-Oct-2008
First article on this story:

CBA in exclusive talks to buy BankWest

 news.com.au 06-Oct-2008
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CBA sinks on BankWest buy

news.com.au
09-Oct-2008
        

SHARES in Commonwealth Bank fell nearly 12 per cent when it resumed trading after the completion of a $2 billion share sale to fund its BankWest buy. The bank said it had successfully completed its share placement to fund the...

Commonwealth Bank shares sink 12pc

news.com.au
09-Oct-2008
        

SHARES in Commonwealth Bank fell nearly 12 per cent today after it came out of a trading halt following its announcement to buy HBOS' BankWest for $2 billion. The bank said today it has successfully completed its share...

BankWest takeover 'strengthens big lenders'

abc.net.au
08-Oct-2008
        

Federal Opposition Leader Malcolm Turnbull says the Commonwealth Bank's takeover of BankWest reduces competition in the Australian financial market. The $2 billion takeover has been criticised by consumer group Choice, which...

                   

Fears for choice as banks merge

news.com.au
08-Oct-2008
        

CONSUMER advocates have condemned moves to consolidate the banking sector, saying the proposed takeover of BankWest by the Commonwealth Bank would erode competition, leading to higher charges and fewer options for customers.

Australia`s Commonwealth Bank to buy BankWest, St. Andrew`s

antara.co.id
08-Oct-2008
        

Australia's biggest bank is set to become even bigger, with Commonwealth Bank of Australia (ASX:CBA) to take over Bank of Western Australia (BankWest) and St Andrew's Australia from their UK based parent, HBOS plc, for A$2.1...

Australia's CBA to buy HBOS's BankWest

tiscali.co.uk
08-Oct-2008
        

Commonwealth Bank agreed to buy struggling bank HBOS's Australian unit BankWest and other assets for a cheap A$2.1 billion (843 million pounds), to boost its market share in fast-growing Western Australia.

BankWest branch rollout to cease

abc.net.au
08-Oct-2008
        

The chief executive of the Commonwealth Bank, Ralph Norris, has confirmed that the rollout of BankWest branches on the east coast will stop as a result of the $2 billion takeover. Mr Norris has described BankWest as a leader in...

CBA buys BankWest for $2.1b

smh.com.au
08-Oct-2008
        

Agencies | October 8, 2008 - 1:20PM Commonwealth Bank of Australia has agreed to buy British bank HBOS's Australian unit BankWest for $2.1 billion, below book value, to boost its market share in fast-growing Western Australia,...

                   

CBA confirms BankWest acquisition

abc.net.au
08-Oct-2008
        

The Commonwealth Bank's acquisition of its much smaller rival BankWest comes as Australia's big four banks fine tune their plans for consolidation, amid the widening turmoil rocking the global banking system. Business editor...

                   

CBA to buy BankWest for $2bn

news.com.au
08-Oct-2008
        

COMMONWEALTH Bank of Australia will acquire the Bank of Western Australia (BankWest) and St Andrew's Australia from their UK based parent HBOS for $2.1 billion. The Commonwealth Bank said it would maintain and grow the BankWest...

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Lloyds, Commonwealth Bank, Australia