National Australia Bank

Australia chooses more RMBS for A$1 bln investment

SYDNEY, Nov 17 (Reuters) - The Australian government has chosen another two residential mortgage backed securities in which to invest A$1 billion ($641 million), as part of an effort to inject much-needed liquidity into the...

NAB tech costs head north

National Australia Bank's technology costs have jumped substantially over the last year, even as the bank has continued efforts to offshore technology work to India. Spending by NAB on the bank's and its subsidiaries' computers...

Love and guns duo charged

ARMED police yesterday fired tear gas into a car to immobilise a couple alleged to be lying in wait to rob a cash-filled armoured van. Gas canisters were shot through the rear window as special weapons officers stormed the...

ANZ boss pockets $13m

THE row over executive pay at Australia's big banks is to intensify with ANZ chief Mike Smith emerging as the country's highest-paid bank boss. Mr Smith collected a cool $12.96 million in the 12 months to the end of September...

Australian market trades lower, led by financial stocks

The Australian stock market was trading lower Monday, at four-year lows, tracking Wall Street's steep triple-digit losses on Friday. The G20 meeting in Washington during the weekend, attended by Australian Prime Minister Kevin...

Syndicate grabs Commander's last major asset

Nov 16, 2008 (The Australian Financial Review - ABIX via COMTEX) -- Remaining core assets of the failed Commander Communications company have been sold to the Commander Telecom Group consortium. More details of the 14 November...

Aussie banks take a pounding

MELBOURNE - Shares in Australia's major banks were pounded today amid fears the local lenders may reveal more write-downs related to bad debt. As Australia's major indices touched new lows, with the benchmark S&P/ASX200 falling...

PRESS DIGEST-Australian Business News - Nov 17 (AFX)

Compiled for Reuters by Media Monitors. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) --The largest buyer of Australian wines in the United Kingdom (UK), supermarket and liquor retailer Tesco (LSE: TSCO.L - news) , has imposed...

Banks charge full scream ahead

Investors have injected $A5 billion into Australian banks in the past month. The National Australia Bank raised $A3 billion to strengthen its balance sheet while the Commonwealth Bank of Australia raised $A2 billion to fund the...

Infosys gets new local chief

Fran Foo | November 17, 2008 INFOSYS Technologies Australia chief executive officer Gary Ebeyan has decided to leave the company but his seat will be occupied by an IBM business process outsourcing expert. Jackie Korhonen, vice...