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Ms Saly said the focus was on banking stocks, after better than expected news from the US banks and good quarterly results from the Commonwealth Bank of Australia on Monday. Full Article at Herald Sun
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The major banks would be able to unleash greater pricing power and increase profits if they didn't receive the government support they currently enjoy, former Westpac Banking Corporation chief executive David Morgan says. Full Article at Sydney Morning Herald
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By Lyndal McFarland MELBOURNE, Australia — Commonwealth Bank of Australia Ltd. reported a strong bounce in first-quarter earnings and, like its rivals, said that charges for bad loans have probably peaked amid improving economic conditions.Commonwealth... Full Article at Wall Street Journal
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RBS shares fell almost 10 per cent at one point yesterday as it revealed that the terms of the break up ordered by the EC were tougher than it had expected. The shares closed down 7.8 percent at 38.65p. Full Article at The Scotsman
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Philip Scott, This is Money & Reuters 1 November 2009 The banks are expected to enter the market as a result of the splitting up and selling off parts of the majority taxpayer owned Royal Bank of Scotland and Lloyds Banking Group as well the fully... Full Article at This Is Money
