Wave of rate cuts begins
Majors and second tiers have continued to respond to this week's RBA rate cut by dropping standard variable rates
Difficult conditions here to stay: ANZ
ANZ has announced a $5.36bn full-year statutory profit, but said difficult business conditions will be here "for some time"
No more major mergers: Norris
Having benefited greatly from a merger during the financial crisis, Commonwealth Bank CEO Ralph Norris has declared that the era of major acquisitions for the Big Four is now over
Big four have extra $8.1bn in their pockets
Having prepared for a worst-case scenario, the major banks suddenly find themselves in the middle of an economic recovery with bad debt write-offs nowhere near what was previously estimated.
ANZ first to raise rates
ANZ bank is the first to announce it will raise rates following the RBA's decision to increase the official cash rate by .25%.
NZ High Court rules against Westpac
Westpac has lost its legal battle with New Zealand's Inland Revenue Department (IRD) over tax avoidance, the department announced today.