BankWest
New boss appointed at Bankwest
Eric Johnston THE new Commonwealth Bank chief executive, Ian Narev, has begun shaking up the group's management team, making the first key appointments since taking charge of the banking giant last month.
New CBA chief targets BankWest in first shake-up
Eric Johnston New CBA chief Ian Narev has begun shaking up the group's management team, making the first key appointments since taking charge of the banking giant last month.
Bankwest loans extract a heavy price
Eric Johnston Bankwest's aggressive lending practices during its east-coast expansion have left new owner Commonwealth Bank with a $212 million headache.
BankWest pulls the pin on Glebe publican
Vanda Carson BANKWEST has foreclosed on two hotels owned by the prominent Sydney hotelier Victor Seeto after he defaulted on mortgages worth more than $20 million.
BankWest launches $750m RMBS issue
CBA subsidiary BankWest launches a $750 million RBMS issue using the first soft bullet bond structure in the Australian market for six years.
Abbreviated Bankwest booms
Danny John Bankwest's expansion program paying dividends for Commonwealth Bank despite CBA's decision not to open any more branches outside subsidiary's base in Western Australia.
Union blasts Bankwest for job cuts
Chris Zappone The bank workers' union has lashed out at Bankwest's decision to cut 400 jobs, saying executives had promised there would be no lay-offs when CBA bought the bank.
CBA tops up Bankwest
Eric Johnston The Commonwealth Bank injected a further $400 million into its recently acquired Bankwest business last month.
BankWest costs HBOS dearly
Danny John THE sale of BankWest and its sister insurance operations to the Commonwealth Bank last year has forced the British parent, HBOS, to take a loss of $1.85 billion on the transaction.
Banks: deep pockets, short arms and shorter memories
Michael West It's a tough struggle in the world of the big four banks, especially when rewriting history.
Will ANZ burst the dam of public anger?
Chris Zappone Just how close is the public's anger with the banks to bursting? ANZ may find out tomorrow if it raises its lending rates.
Financial advice moves in-house at leading banks
Michael West As the first generation of financial planners retire and sell their businesses, after a long career of upfront fees and trailing commissions, the big banks are there to buy them out.
Threat to arm's-length advice
Michael West CBA move threatens independent financial advice for its 350,000 clients.
More banks sued on fees
Chris Zappone Pressure on Australian banks increases with more named in class action law suit.
Pressure rises on banks as class action expands
Chris Zappone Maurice Blackburn names four more banks in addition to ANZ in the $200m class action suit over late fees charged on credit cards.
Smaller banks join big four in cutting rates
Commonwealth Bank subsidiary BankWest and Credit Union Australia have joined the big banks in passing on the central bank’s interest rate cut to borrowers.
Bank fees class action hits snag
Adele Ferguson ANZ customers in a class action over excessive penalty fees had a victory on late fees and credit cards, but suffered a defeat on other fees today.
Buying a house? Get a discount
Danny John Banks are offering discounts up to 1 per cent off their standard variable mortgage rates to stimulate the home loan market ahead of the crucial spring selling campaign.
Australian business calendar Nov 14-18
Australia's business and finance calendar for November 14-18.
Banks chase developer for $100m after bankruptcy ruling
Leonie Wood A HIGH-PROFILE New Zealand property developer who owes at least $100 million to Australian banks has been declared bankrupt by an Australian court five months after he was declared bankrupt across...
