Germany's BMW AG (BMWG.DE), Australia's Macquarie Group (MQG.AX) and a host of U.S. private equity firms are expected to bid for Australia and New Zealand Banking Group's (ANZ.AX) more than $6 billion car and equipment loan book, a source said on Monday.
Australia and New Zealand Banking Group (ANZ.AX) on Monday said Mark Whelan will replace Phillip Chronican as the head of its Australian business.
A sudden swell in China's exports of gold and jewelry may signal a resurgence of speculative currency inflows through inflated trade receipts, raising the prospect the central bank could again act to weaken the yuan and punish speculators.
David Gonski, the head of the sovereign wealth fund of Australia, will be the Chairman of the Australia & New Zealand Banking Group Ltd, Bloomberg reported.
Westpac Bank has received approval from the Australian Competition and Consumer Commission to purchase the Australian assets of Lloyd's Banking Group for USD1.45 billion.
Sources told Reuters that the United Overseas Bank of Singapore and the Australia & New Zealand Banking Group was contemplating a bid for Wing Hang Bank.
Former Lloyds Banking Group Plc executive Andrew Geczy was appointed as new Head to the International and Institutional Banking division.
Sources told Reuters that Mizuho Financial Group offered to acquire a stake for Bank Panin from ANZ.