Bank shares and investment news and analysis

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Latest news

Westpac looks for growth from BT Financial Group

Revenue growth is an elusive commodity in the financial services industry at the moment, but Westpac is betting it can boost revenue by getting more of its banking customers to buy products in fast-growing wealth management sectors. Brad Cooper, the head of Westpac wealth management division BT ... More
By John Kavanagh Published on Monday, 23 July, 2012 Filed under Westpac, analysts, funds management

Westpac's subordinated notes will pay over six per cent

Westpac has launched an issue of subordinated notes, seeking to raise A$500 million in tier two capital. The notes, which will be listed, will pay 2.75 per cent over the 90-day bank bill rate. With the 90-day bill rate around 3.5 per cent, the notes will pay around 6.25 per cent for the first ... More
By John Kavanagh Published on Monday, 23 July, 2012 Filed under Westpac, hybrids

BOQ a Buy on impaired loan sale

Deutsche Bank reaffirmed its Buy recommendation on Bank of Queensland last week, after BOQ announced the sale of a portfolio of non-performing loans. In February, BOQ had announced plans to sell A$230 million of commercial property loans. At the end of June it said the sale would not go ahead, ... More
By John Kavanagh Published on Monday, 23 July, 2012 Filed under BOQ, analysts, small institutions

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