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Bank shares stretch record run as cheap money flows

2015-02-16 08:04:07| Automakers - Topix.net

Commonwealth Bank of Australia lifted 0.3 per cent to a record $93.47 on the last day investors could buy the shares and be entitled to the bumper $1.98 interim dividend. Photo: Getty Images Australian shares rallied to close at a fresh seven-year high Monday as a lowering of global interest rate expectations continued to push foreign capital into the domestic market, while local investors drove Commonwealth Bank shares to another record close, taking advantage of their last chance to qualify for a bumper interim dividend.

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ANZ bank announces record profit

2014-10-31 06:55:34| BBC News | Business | UK Edition

One of Australia's biggest lenders, ANZ, announces a record full-year net profit of A$7.3bn ($6.4bn, 4bn), up 15% from a year earlier.

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VIDEO: Bank of America's record $16.7bn fine

2014-08-21 20:47:04| BBC News | Business | UK Edition

Bank of America has agreed to pay a record $16.7bn (10bn) to US authorities for misleading investors about the quality of loans it sold.

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US bank in record $16.7bn settlement

2014-08-21 15:51:12| BBC News | Business | UK Edition

Bank of America has agreed to pay a record $16.7bn (10bn) to US authorities for misrepresenting the quality of loans sold to investors.

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SV150: Silicon Valley's record profits funneled to investors, bank accounts

2014-04-14 22:54:10| Telecom - Topix.net

Silicon Valley technology companies produced record profits in 2013, but much of that cash was pushed into bank accounts and returned to investors at a level never before seen in the region's iconic industry.

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