Aussie John Symond: St George, Westpac will not mean a lot to customers - News.com.au
AUSSIE Home Loans boss John Symond does not expect consumers will be injured by a possible merger between banking rivals St George and Westpac. Shares in both banks were suspended this morning to allow merger speaks to continue. The negotiations could

2005 IT Budget and Staffing Report: Banking Industry - IT-Analysis.com
Using the extensive input from the over 1,400 survey responses received, Info-Tech has developed insightful conclusions, suggestions, and projections that will help you successfully steer your IT department, and enhance your ability to make

Investment banks turn to Africa in effort to boost flagging profits - The Independent
As investment banks continue to feel the effects of the credit crunch in the West, some are looking to Africa as the latest emerging market opportunity to boost flagging profits. Banking powerhouses including Citigroup and JP Morgan operate in sub

New Citi chief to stick with global model - Baltimore Sun
NEW YORK - Citigroup Inc.’s new chief executive, Vikram S. Pandit, plans to stick with a global banking model after months of intense review - but only after shrinking the company by about one-fifth first. The three-year game plan, revealed yesterday

Westpac Banking makes takeover offer for St. George Bank - International Herald Tribune
SYDNEY : Westpac Banking said Monday that it was in talks on an all-share bid for St. George Bank, which has a market value of 15 billion Australia dollars, in a deal that would create Australia’s largest home-lending and wealth-management provider

Large banking merger touted in Australia - Earthtimes
Sydney - Westpac Banking Corporation, one of Australia’s Large Four high street banks, is in merger speaks with fifth-placed St George Bank, and a marriage would create Australia’s largest financial services company, Westpac said Monday. Shares of both

Banking stocks lead market surge - News.com.au
AUSTRALIAN stocks have opened higher, led by the banks which are higher after St George and Westpac announced merger speaks and National Australia Bank’s strong profit results on Friday. At 1016 AEST, the benchmark S&P/ASX200 index had gained 32.1

surging China stock market, banking, trade, outsourcing, tech - Boston IMC
Watch out on exploding China and Asia century! Discover what’s really inside Chinese and Asian stock market, multinationals, banking, yuan, insurance, management, and politics. Get great info and analysis from leading thinker George Zhibin Gu

Westpac of Australia Offers to Buy St. George Bank (Update2) - Bloomberg
Might 12 (Bloomberg) — Westpac Banking Corp. is in speaks to purchase St. George Bank to create Australia’s second-largest bank, as Chief Executive Officer Gail Kelly waited just 10 weeks before pouncing on her former employer. Westpac, Australia’s fourth

Banking on Turkey - Financial Times
The European Union needs all the help it can get in engaging with Turkey. With Ankara’s bid for EU membership running into political disenchantment both in Turkey and in the Union, it may fall to the European Bank for Reconstruction and Development

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Suncorp’s super share rally - News.com.au
SUNCORP probably wrong-footed the market last week by not having to downgrade its full-year profit forecast, chief executive John Mulcahy stated after the company’s strongest-ever weekly share price rally. Mr Mulcahy also conceded the Brisbane-based

People making news - Detroit Free Press
• Three Wayne Say University School of Medicine faculty members have been selected for Distinguished Professor honors by President Irvin D. Reid for their outstanding accomplishments and service to the university. Barry P. Rosen PhD, professor

Egypt index posts sharpest drop in nearly 4 months - Guardian Unlimited
CAIRO, Might 11 (Reuters) - Egypt’s Case 30 index posted its sharpest single-day drop in nearly four months on Sunday after the central bank raised interest rates and Egypt’s government boosted some taxes and energy prices. The index, up 9 percent this

Bunye back to banking, will be GMA adviser - Manila Times
Press Secretary Ignacio Bunye said he’s leaving President Gloria Arroyo’s official family next month “to fulfill a wish of going back to banking.” Bunye, however, won’t be entirely out of Malacañang. He said he’ll serve also as political

TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 BST - CNBC
FRANKFURT (Thomson Financial) - German chancellor Angela Merkel is expected to decide on Tuesday who will be the new chief executive of German state-own development bank KfW Bankengruppe, Handelsblatt stated on its on the web edition on Saturday, citing

RPT-Bay Street Week Ahead-Big banks may get bruised again - Reuters
TORONTO, Might 11 (Reuters) - Most Canadian banks will show further bruises from the credit-market crunch when they issue quarterly reports in two weeks’ time, and even solid results from their domestic banking units may not be enough to match last

Caisse d’Epargne to trim workforce by 4,500 people by 2012 - CNBC
PARIS (Thomson Financial) - Banking group Caisse d’Epargne will trim its workforce, currently 52,000 employees, by 4,500 people between now and 2012, a spokesman told Agence France-Presse following a newspaper report Saturday. He stated the job cuts

Yale students serve as bankers for struggling entrepreneurs - Philadelphia Inquirer
NEW HAVEN, Conn. - When Larry Thomas couldn’t get a bank loan for his struggling construction business, he turned to Yale University students less than half his age. Elmseed Enterprise Program, which provides small loans and intensive technical

Mother’s Day brings old, familiar worries - Miami Herald
Miralda Lewis gets a hug from Ellis Fox, 8, at Villa Maria Nursing Home in North Miami. About 35 volunteers are spending the day at the nursing home, giving out flowers and singing to the residents. Momsmiami.com A mother and child reunion for TV

These Daredevils Don’t Dust the Crops. They Plant Them. - New York Times
OLIVEHURST, Calif. — As rice farmers in Northern California plant their flooded fields over the next couple of weeks, most won’t head for a tractor or a tiller or any kind of seeder. Mr. Hawk waiting in his seeding plane recently as truck

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