United Kingdom

Paulina Duran

Betting the house: investors demand higher premiums for risky Australian mortgage bonds

18 Jun 2019

SYDNEY Investors in Australian mortgage bonds are demanding higher premiums to buy the riskiest tranches of new debt, as a slowing economy stokes concerns a property downturn could get worse and increase home loan defaults.

ANZ gets tough on compliance as New Zealand CEO leaves over chauffeurs, wine dispute

17 Jun 2019

WELLINGTON/SYDNEY Australia and New Zealand Banking Group Ltd (ANZ) said the head of its New Zealand unit has left over a dispute about personal expenses, a sign of heightened self-regulation at a banking giant following a bruising inquiry.

Australian regulator slaps stricter conditions on AMP's pension funds, shares fall

14 Jun 2019

SYDNEY Australia's banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd's pension fund units following concerns regarding its compliance with superannuation laws, sending its shares down more than 4%.

Australia's AGL Energy comes back for Vocus with $2.1 bln offer

11 Jun 2019

SYDNEY AGL Energy Ltd took a second tilt at telecoms firm Vocus Group Ltd on Tuesday with a fresh A$3.02 billion ($2.10 billion) offer - just weeks after withdrawing a previous approach - as it looks to cross-sell to its big customer base.

Shooter kills four in Australian city of Darwin

05 Jun 2019

SYDNEY A gunman killed four people and wounded one in the Australian city of Darwin on Tuesday, authorities said, in one of the country's most violent attacks in years. | Video

UPDATE 1-Australian gov't scolds ANZ for failing to match central bank rate cut

04 Jun 2019

SYDNEY, June 4 Australia's treasurer accused Australia and New Zealand Banking Group of putting "profits before people" on Tuesday, after the bank, unlike several rivals, failed to pass on the full benefit of a central bank interest rate cut to borrowers.

Pension fund AustralianSuper to open New York office, hire in London in offshore push

31 May 2019

SYDNEY AustralianSuper, the country's largest pension fund, plans to open an office in New York next year and expand its operations in London as part of a strategy to invest in and directly manage more offshore assets, Chief Executive Officer Ian Silk said.

Australia's AGL Energy withdraws buyout offer for Vocus

31 May 2019

SYDNEY AGL Energy said it made then quit a takeover play for Vocus as it could not agree on due diligence terms with the Australian telecoms company, which is looking at a separate $2.3 billion offer from Swedish private-equity firm EQT.

Australia's NAB cuts fixed-loan rates ahead of expected c.bank move

30 May 2019

SYDNEY, May 30 National Australia Bank, the country's fourth-largest lender, on Thursday raced to offer discounts on some of its fixed-rate mortgages in anticipation of a rate cut by the central bank next week.

UPDATE 3-Australia to loosen mortgage rules in reprieve for banks, housing

21 May 2019

* UBS expects measure would increase borrowing capacity by 8% (Recasts to include RBA speech, updates shares, adds analyst reax)

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