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St George Bank

CBA in talks with HBOS to buy BankWest

Tuesday October 7, 2008, 7:21 pm Commonwealth Bank of Australia Ltd (CBA) has begun exclusive negotiations with troubled HBOS Plc to buy its Australian retail banking arm BankWest. A CBA acquisition of BankWest, which could...

Banks 'should pass on rates cut in full'

The Federal Opposition has vowed to scrutinise any reasons the banks give for not passing on today's official interest rate cut in full. The Reserve Bank surprised financial markets by delivering the first one percentage point...

Stocks continue fall on global slide (Yahoo!7)

Australian stocks were lower at noon as the market anticipates an interest rate cut by the Reserve Bank of Australia, and after heavy losses on Wall Street. At 1200 AEDT, the benchmark S&P/ASX200 was down 94.4 points, or 2.08...

Suncorp says approached for bank, wealth units

MELBOURNE (Reuters) - Australian insurance and banking group Suncorp-Metway Ltd said it received several approaches for its banking and wealth management operations, which analysts reckon could fetch up to A$5 billion ($3.9...

UPDATE 2-Suncorp says approached for bank, wealth units

SYDNEY, Oct 6 (Reuters) - Australian insurance and banking group Suncorp-Metway Ltd said it received several approaches for its banking and wealth management operations, which analysts reckon could fetch up to A$5 billion ($3.9...

Shares close down ahead of US vote

THE share market closed lower today, dragged down by mining and financial stocks as investors await the US vote on a new version of the bailout package. At the 4.15pm (AEST) close, the benchmark S&P/ASX200 was down 65.7 points,...

Banks & #39;unlikely & #39; to match any rate cut

since early 2001. Last month, Commonwealth Bank of Australia, National Australia Bank, ANZ Banking Group, Westpac Banking Corp and St George Bank all reduced their standard variable mortgage rates by 25 basis points, in line...

Underworld adviser guts footy club

THE NSW country town of Armidale is battling to save its rugby league club after Melbourne underworld financial adviser and alleged money launderer Tom Karas snatched control of it and sold off its lucrative poker machine...

Share market down 2pc at noon

THE share market was lower at noon, as nervous local investors await the outcome of tonight's US House of Representatives vote on a new version of the $US700 billion ($888 billion) bailout of the financial markets.

Aussie stocks open higher

STOCKS on the Australian Securities Exchange opened slightly higher today, ahead of the US Congress vote on the Wall Street bailout plan. It also came as reports circulated that Commonwealth Bank of Australia had made a bid for...

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