ANZ goes shopping in the wake of the GFCBusy times at ANZ — it’s moved to take over 100% of ING’s trans-Tasman wealth management and life insurance operations. And today it opens its first regional branch in China. Could AMP be next? asks Adele Ferguson.
Ing
Fourteen more join the billion dollar loss club
The numbers are in and it’s now official: 2008-09 was the worst profit season in Australian history. Who would have ever thought 14 different companies could lose more than $1 billion in a single financial year?
Get a mortgage, buy someone else a home
By taking out an ING mortgage, Dutch borrowers can choose to help families in Bangladesh and India build homes of their own. If they stump up 300 euros for a microloan, ING adds another 300.
Will the Fin be held to account for IIF report?
Some questionable reporting in Friday’s AFR lead to the ING Industrial Fund’s shares rocketing south, but will the paper be held responsible? asks Michael Pascoe.
Amid Opes, ANZ faces another mess in NZ
Not content with battling reputational risk dealing with the faltering Tricom and the Opes Prime disaster, the ANZ has been quietly battling another nasty situation across the Tasman, writes Glenn Dyer.
