Banks welcome the SME Recovery Loan Scheme’s extension

Major banks have welcomed the Federal government’s move to extend the SME Recovery Loan Scheme by a further six months to 30 June...

NAB reports third-quarter cash earnings of $1.7bn

National Australia Bank posted third-quarter cash earnings of $1.7 billion an increase of 10.3 percent on the year ago same period...

CBA posts cash profit of $8.65bn: Launches a $6bn share buyback

The Commonwealth Bank will return $6 billion to shareholders through a share buyback scheme after delivering a 20 percent jump in...

NAB due to post third quarter cash earnings of $1.55 billion

Impact of lockdowns 

National Australia Bank is expected to post a third-quarter cash profit of $1.55 billion on...

S&P says the merger of Greater Bank and Newcastle will solidify their credit profile

The proposed merger of Newcastle-based Greater Bank and Newcastle Permanent will likely solidify the combined entity's competitive...

ANZ launches sustainability-linked derivatives

ANZ on Tuesday announced the launch of a sustainability-linked derivative product in Australia, Hong Kong, Japan, and Singapore as...

CBA to report $8.70bn profit next week: Should announce a $5bn buyback

The re-emergence of covid lockdowns has presented a conundrum for the prudential regulator and the bank boards, according to Citi’s...