Wikio - Australia and New Zealand Banking Group

Opes Prime's forgotten three (Business Spectator)

Thu, 07 Aug 2008 22:33:54 GMT

... will stand accused only in the court of public opinion.But at the moment that court has only ANZ Bank in the dock.In a few weeks' time, ANZ chief executive Mike Smith will release the results of the review into the bank’s role in the affair, and the implications for its credit risk procedures, being conducted by David Crawford.This week the Financial Review published a leak suggesting that...

Source : Business Spectator (subscribe)

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ANZ Crunched (Forbes)

Mon, 28 Jul 2008 05:54:46 GMT

Shares fall 10% after it warns it will make $1B in provisions for bad loans for the second half.

Source : Forbes (subscribe)

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ANZ Warns on Profit Amid Write-Downs (Law Blog - WSJ.com)

Mon, 28 Jul 2008 05:40:00 GMT

ANZ became the second major Australian bank in days to flag large, credit-related write-downs, warning its profit may fall as much as 25% this financial year due to bad debts.

Source : Law Blog - WSJ.com (subscribe)

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ANZ says earnings to decline on higher credit reserve; shares hit (Market Watch)

Mon, 28 Jul 2008 03:23:00 GMT

Australia and New Zealand Banking Group says its earnings are expected to decline this year as the bank will set aside more reserves to cover credit losses and a slowdown in the New Zealand and Australian economies.

Source : Market Watch (subscribe)

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Dollar falls on ANZ profit news (News.com.au)

Mon, 28 Jul 2008 03:05:00 GMT

THE Australian dollar was lower as deteriorating conditions in global credit markets hit local banks and commodity prices fell.

Source : News.com.au (subscribe)

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ANZ's nervous provisions (Business Spectator)

Mon, 28 Jul 2008 03:04:54 GMT

ANZ has moved ahead of the curve with its latest provisions for bad debt, but it's chief executive Mike Smith's fears about the outlook for the bank's vanilla lending services that has the most resonance. 28 Jul 2008 12:50 PM

Source : Business Spectator (subscribe)

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ANZ shares tumble on profit warning (International Herald Tribune)

Mon, 28 Jul 2008 02:00:37 GMT

The Australia and New Zealand Banking Group said it was likely to book provisions of around 1.2 billion Australian dollars, or $1.1 billion, in its second half.

Source : International Herald Tribune (subscribe)

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Exporters, Banks Lift Tokyo (Law Blog - WSJ.com)

Mon, 28 Jul 2008 01:45:00 GMT

Asian markets were mixed Monday, with gains for exporters and banks boosting Japan's benchmarks while Australian stocks declined on an earnings warning from Australia and New Zealand Banking Group.

Source : Law Blog - WSJ.com (subscribe)

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Asia Markets: NAB drags in Sydney as exporters, banks lift Tokyo (Market Watch)

Mon, 28 Jul 2008 01:33:00 GMT

Asian markets are mixed, with gains for exporters and banks boosting Japan's benchmarks while Australian stocks decline after Australia and New Zealand Banking Group warned higher provisions could take a slice out of its earnings for the year.

Source : Market Watch (subscribe)

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Local stocks slip, ANZ tumbles (Business Spectator)

Mon, 28 Jul 2008 01:26:39 GMT

Stronger miners reduce impact of bank sell-off on credit losses. 28 Jul 2008 11:10 AM

Source : Business Spectator (subscribe)

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Credit crisis comes to Australasia? (The Visible Hand)

Mon, 28 Jul 2008 01:00:53 GMT

Following the freezing of Hanover finance’s finances we have heard that the National Australia Bank, and the Australia New Zealand Bank have both had to increase provisions for bad debt (NAB, ANZ). These revelations put the relatively dovish stance of the RBA and the RBNZ in perspective - after all, central bankers are more than aware [...]

Source : The Visible Hand (subscribe)

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ANZ slump drags down market (Courrier Mail)

Mon, 28 Jul 2008 00:58:00 GMT

THE Australian share market has been dragged down more than one per cent after the ANZ Bank flagged a huge provision for bad debt and a fall in annual profit.

Source : Courrier Mail (subscribe)

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ANZ shares plunge 11 per cent (News.com.au)

Mon, 28 Jul 2008 00:31:00 GMT

SHARES in ANZ have fallen 11pc after the bank upped its provisions for bad debts said its earnings could fall by up to a quarter.

Source : News.com.au (subscribe)

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ANZ expects 10pc fall in NZ profits (New Zealand Herald )

newsfeeds@nzherald.co.nz — Mon, 28 Jul 2008 00:30:00 GMT

ANZ Banking Group Ltd, the Australian owner of the ANZ and National Banks in New Zealand, says it expects profits here to fall by around 10 per cent. It has forecast its 2008 group annual profit before provisions to rise by around...

Source : New Zealand Herald (subscribe)

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ANZ says provisions seen rising to A$1.2 bln in H2 (Reuters)

Mon, 28 Jul 2008 00:20:05 GMT

SYDNEY (Reuters) - ANZ bank , Australia's third-biggest lender, issued a profit warning on Monday, forecasting more than $1 billion in bad debt charges, as the global credit crisis started to hurt the country's previously buoyant banks.

Source : Reuters (subscribe)

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ANZ says provisions seen at A$1.2 bln in H2 (Reuters UK)

Sun, 27 Jul 2008 23:00:52 GMT

SYDNEY (Reuters) - Australia and New Zealand Banking Group , Australia's third-biggest lender, said on Monday it was likely to book provisions of around A$1.2 billion (528 million pounds) in its second half due to the ongoing deterioration in global credit markets.

Source : Reuters UK (subscribe)

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ANZ shares plummet (The Age)

Sun, 27 Jul 2008 22:20:53 GMT

Major bank says profit will fall by up to 25% because of a rise in bad debts.

Source : The Age (subscribe)

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ANZ Bank says cash EPS to fall 20-25 pct in 2008 (The Earth Times Online Newspaper)

Sun, 27 Jul 2008 22:10:03 GMT

SYDNEY (Reuters) - Australia and New Zealand Banking Group , Australia's third-biggest lender, said on Monday its 2008 cash earnings per share were likely to fall between 20 percent and 25 percent on the previous year due to a rise in credit impairment costs.

Source : The Earth Times Online Newspaper (subscribe)

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ANZ Bank says cash EPS to fall 20-25 pct in 2008 (Reuters)

Sun, 27 Jul 2008 22:08:51 GMT

Source : Reuters (subscribe)

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ANZ signs prepaid processing services deal with Yalamanchili (Banking Business Review)

Fri, 25 Jul 2008 10:19:00 GMT

IT solutions provider Yalamanchili International, and Australia and New Zealand Banking Group have signed a five-year agreement for Yalamanchili to provide prepaid processing services to ANZ in the Asia-Pacific region.

Source : Banking Business Review (subscribe)

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