Tag: ANZ
Big four banks on notice after Bank of Queensland snaps up ME Bank for $1.3b
Australia’s cosy banking system will undergo the biggest change in many years with the announcement that Bank of Queensland (ASX: BOQ) is buying ME Bank for $1.325 billion.
That deal will effective...
Commonwealth Bank wins the battle of the coronavirus horror stories, predicts housing prices could fall 32%
You could have easily been mistaken in believing that Australia’s big four banks have been trying to outdo each other with horrifying predictions.
With the Commonwealth Bank (ASX: CBA) outdoing all...
Could banks emerge from the pandemic with a better outlook than expected?
Of the many share market gyrations we have seen since the COVID-19 pandemic began, some of the most dramatic have been Australia’s big four banks.
Bank share prices have absolutely plunged, with NA...
Bank dividends could be reduced or on hold during pandemic
Investors should prepare themselves for lower and possibly suspended dividends from the big banks and insurance companies after a raft of powerful forces combined to urge lower payouts.
First and m...
Royal Commission fallout doesn’t stop IOOF takeover
In a move that has sent waves of relief through the embattled financial planning industry, IOOF’s (ASX: IFL) protracted moves to take over ANZ Bank's (ASX: ANZ) superannuation business have finally be...
Australia’s big banks no longer a dividend yield certainty
For decades the not so secret investment rule was that you got a better yield by investing in banks than by depositing funds with them.
That may still be the case but it would be a mistake to take ...
Australian banks set to confess sins and cut dividends?
They say confession is good for the soul and there is going to be plenty of it over the next couple of weeks as three of Australia’s big banks outline their latest 2019 half year results.
ANZ (1 Ma...
Australia’s banking sector is about to experience major changes
Finally, Australia’s big bankers can relax for a little while as their time of giving evidence before the Hayne Royal Commission comes to an end.
However, the relief will very short lived because w...
