National Australia Bank planning UK exit, FY net drops

Exiting the United Kingdon is an "absolute priority" for National Australia Bank (NAB.AX), Chief Executive Officer Andrew Thorburn said after the bank posted a fall in annual cash profit, hit by writedowns for its troubled British business.


OCBC Q3 net profit up 62pc

The S$1.23 billion net profit includes a fair value gain of S$391 million ($306.2 million) due to its increased stake in Chinese lender Bank of Ningbo, which became a 20 percent-owned subsidiary during the last quarter.


India's HDFC Bank Q2 profit up 20 pct

HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20 percent rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses.


Axis Bank Q2 Net Profit Jumps 18%

Axis Bank, the third largest private sector bank after HDFC Bank and ICICI Bank, posted 18 per cent rise in net profit in the quarter ended September 30 helped by demand from retail borrowers.


NAB takes a $1bn hit

NAB expects its cash earnings for the year to September 30 to be between $5.1 and $5.2 billion, down from $5.94 billion a year ago.


ASX celebrates record revenues

ASX chairman Rick Holliday-Smith has used his annual general meeting to celebrate what he called the company's "record revenues and earnings", and to urge shareholders to vote in favour of chief executive Elmer Funke Kupper's remunerat