Latest articles from Australia

Leader of the legion

December 4, 2006

Macquarie’s aggressive global acquisition trail is being followed by other Australian niche specialists. However, there are concerns about risk management practices, Virginia Marsh reports from Sydney.

Community service

August 7, 2006

National Australia Bank has revamped its UK holdings, Clydesdale and Yorkshire banks, as local financial centres with an in-house manager style reminiscent of the 1970s. Stephen Timewell reports.

Macquarie makes a comeback

May 2, 2005

After a dip in fortunes, Macquarie Bank is celebrating its first anniversary of buying part of ING with bumper profits and a rebound in its share price. Virginia Marsh reports from Sydney.
After a difficult period, Macquarie Bank, Australia’s only substantial independent investment bank, has silenced its critics with one of its best years ever.
In the past 12 months, the Sydney-based bank’s share price has rocketed, hitting record levels above A$50 ($38.6).

Risk aversion continues to rule in Australia

November 4, 2004

Prime Minister John Howard’s re-election is a reflection of the conservatism that pervades the country and its banking sector, says Stephen Timewell in Melbourne.

Australia slashes credit card interchange fees

November 3, 2003

Interchange fees for credit card transactions in Australia are to be virtually halved following tough action by the Reserve Bank of Australia (central bank) and the failure of an appeal by Visa, MasterCard and BankCard in the federal court.

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