A Disappointing and Messy Result for NAB: Fair Value Estimate Reduced to AUD 36
Wide-moat National Australia Bank produced another messy earnings result for fiscal 2015, with cash earnings up 15.5% to AUD 5.8 billion, 4% below...
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An open letter to the Westpac CEO - Dear Mr Hartzer, Please Explain
In the lead up to the Government's response to the Murray Inquiry, I pen an open letter to Mr Brian Hartzer, in which I draw attention to two...
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Another one bites the bullet... again
Westpac plans to raise A$3.5bn through a rights issue. As a part of the rights issue the USD82m shortfall book build for the institutional...
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Westpac Raises AUD 3.5 billion and Prereleases Fiscal 2015 Earnings in Line with Expectations
Westpac Banking Corporation's prereleased unaudited 3% increase in cash profit to AUD 7.8 billion for fiscal 2015 is broadly in line with...
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Macquarie Group Acquires Dealer Finance Portfolio and Upgrades Guidance Again
Macquarie Group's acquisition of the Esanda AUD 7.8 billion finance portfolio from Australia and New Zealand Banking Group adds to the company's...
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