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Market Watch (Free subscription) | 07/23/2009
HONG KONG (MarketWatch) -- Shares of National Australia Bank Ltd. tumbled Thursday morning as trading resumed after the lender said it successfully raised 2 billion Australian dollars ($1.6 billion) from a share sale to institutional investors. The stock was down 4.9% at 22.43 Australian dollars a share amid heavy trading volumes, after the bank sold the shares at 21.50 Australian dollars apiece....
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SeekingAlpha.com (Free subscription) | 07/22/2009
The Fundamental Analyst submits: As I’ve been saying repeatedly, Australian banks have not yet reached peak credit losses in the current cycle and all will be forced to raise new equity and/or cut dividends. Just 2 weeks after ANZ raised in excess of $2.2 billion , National Australia Bank Ltd ( NABZY.PK ) announced today that they will raise a total of AUD$2.75 billion CEO Cameron Clyne had...
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Market Watch (Free subscription) | 07/22/2009
LOS ANGELES (MarketWatch) -- National Australia Bank Ltd. plans to raise up to 2 billion Australian dollars ($1.63 billion) through a fully underwritten share placement, according to a statement reported Wednesday by Dow Jones Newswires. The placement will be underwritten at a minimum of 21.20 Australian dollars a share, which compares to a close of 23.58 Australian dollars on Tuesday, the report...
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Financial24 (Free subscription) | 05/25/2009
SYDNEY, May 25 - National Australia Bank Ltd and AMP Ltd are among the parties to have submitted indicative bids for Australian unit of British insurer Aviva plc, a source with direct knowledge of the matter told Reuters . Aviva has appointed M 2 Vote(s)
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Market Watch (Free subscription) | 04/28/2009
SAN FRANCISCO (MarketWatch) -- National Australia Bank Ltd. said Monday its cash earnings fell 9.4% to 2 billion Australian dollars ($1.4 billion) in the half-year ended in March. NAB said the fall was largely due to "increased charges for bad and doubtful debts and higher funding costs." Statutory profit fell slightly to 2.7 billion Australian dollars, NAB said, while group revenue rose...
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