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Indonesian group gets $750 mln loan from two banks for Newmont deal-Basis Point
2016-04-07 14:09:02| IT Services - Topix.net
An Indonesian group has obtained a $750 million loan from two state-owned banks to help finance its purchase of a controlling stake in Newmont Mining Corp's Indonesian operations, Basis Point reported on Thursday. The two-year loan, which is equally split between PT Bank Mandiri Tbk and PT Bank Negara Indonesia Tbk , was signed last week, reported Basis Point, a Thomson Reuters publication, citing people familiar with the matter.
Banks deny claims they helped avoid tax
2016-04-05 17:40:22| BBC News | Business | UK Edition
International banking giants have denied allegations that they helped clients to avoid tax by using complicated offshore arrangements.
Facebook wants to partner with Aussie banks on mobile strategy
2016-04-05 14:09:53| Automakers - Topix.net
Paul McCrory says Facebook wants to help the banks drive more people to use mobile services, rather than having to go to a branch. Social media behemoth Facebook is looking to partner with Australian banks to explore opportunities in mobile banking, in a move that could radically change the face of retail banks.
Tags: mobile
partner
strategy
banks
Beleaugured banks end bad quarter on a bright note
2016-03-31 08:56:11| Automakers - Topix.net
Mining stocks were also well supported despite flat to falling commodity prices overnight, as investors rediscovered their appetite for riskier pockets of the sharemarket. Banks stormed back into favour on Thursday, building momentum throughout the day as investors jumped back in to the heavily sold-off sector.
Macquarie wary of $A, bullish on banks
2016-03-31 04:54:11| Automakers - Topix.net
As "cheap" growth and yield become more and more elusive for investors, Macquarie maintains its appetite for banking stocks despite recent market unease and prepares to see earnings downgrades should the Aussie dollar continue to rise . Despite $25 billion worth of banking shares wiped of the ASX in two days, Macquarie Wealth Management sees banks as one the few areas where there is value, even if only for limited growth.
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