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Commonwealth Bank Customers Will Lose Homes

Published on November 9, 2010 by Technology Slice

Commonwealth Bank Customers Will Lose Homes – Commonwealth Bank chief executive Sir Ralph Norris has conceded his bank’s 0.45 per cent interest rate hike will cost some of his customers their homes, a reality he says troubles him. But in defence of his bank’s Melbourne Cup Day hike, Sir Ralph said it was better to [...]

Tags: 1 Billion, Bad Debts, Bank Lender, Banking System, Commonwealth Bank Customers, Exit Fees, Government Intervention, Ing Direct, Interest Rate Hike, Melbourne Cup, Mortgage Products, Mortgage Stress, National Economy, New Business, Personal Loans, Ralph Norris, Record Profits, Sir Ralph, Spike, Temporary Relief
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Westpac Profits Rise

Published on February 16, 2010 by Technology Slice

Westpac has delivered its latest earnings update, saying its December quarter performance shows clear signs of an improved banking environment. It says unaudited cash earnings for the quarter have come in at $1.6 billion, a 33 per cent rise since the same period a year earlier. The bank has attributed the improved earnings to a [...]

Tags: Asset Impairment, Asset Quality, Bad Debts, Cash Earnings, Chief Executive, Delinquencies, Economic Outlook, Impairment Charges, Market Share, Profits, Quarter Performance, Signs, Westpac
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Commonwealth Bank Customers Will Lose Homes

Westpac Profits Rise

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