Scott Manning News
-
Australia & New Zealand Banking Group Ltd., Australia’s third-largest bank by market value, missed analyst estimates as lower interest rates eroded the profitability of its lending business.
-
Peggy Curtis spent Thanksgiving week out of work, the first layoff in her 37 years making cigarettes in a Reidsville, North Carolina, factory. Instead of moping, she went shopping for holiday decorations at Home Depot Inc.
-
Westpac Banking Corp., Australia’s second-largest bank, reported first-quarter profit that was lower than a year earlier as rising funding costs squeezed the profitability of its lending. The shares fell.
-
Australia’s biggest lenders will be unable to sustain the discounts they’re now offering to mortgage borrowers in their efforts to boost flagging credit growth, JPMorgan Chase & Co. and Fujitsu Ltd. said.
-
National Australia Bank Ltd. had its stock rating cut to “underweight from ‘‘overweight’’ by analysts led by Scott Manning at JPMorgan Chase & Co.
-
Macquarie Group Ltd. , the Australian investment bank that increased staff by 46 percent since March 2007, faces calls to shrink its workforce as a slump in trading and fees from arranging mergers erodes profit.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page