Impairment Charges

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 fall in [...]

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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Macquarie Shares Slump

Published on February 9, 2010 by Technology Slice

Macquarie Group’s shares slid after the company predicted full-year profit of more than $1 billion that fell short of the amount analysts had been tipping.
The investment bank today said second-half earnings could be up as much as 10 per cent over the first half as economic conditions around the world continue to trend back to [...]

Tags: 1 Billion, Acquisition Costs, Caution, Earnings, Economic Conditions, Eight Months, Impairment Charges, Investment Bank, Management Rights, Market Capitalisation, Shares, Six Months, Slump, Trademark, Windfall
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Westpac Profits Rise

Macquarie Shares Slump

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