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Stock Takes: Banks facing hefty challenges
2015-11-05 22:30:02| Automakers - Topix.net
Combined cash profit for the four lenders' New Zealand divisions rose 4.7 per cent to $4.4 billion. Photo / Paul Taylor The A$30 billion combined annual cash profit reported by Australasia's big four banking giants is an eye-popping figure by anyone's measure.
Tags: stock
takes
banks
challenges
Australian banks say will support low-carbon lending
2015-11-05 02:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Two of Australia's major banks on Thursday announced initiatives to support the transition to a low-carbon economy, moves which could make it harder to finance the country's coal industry. Top lender National Australia Bank will finance A$18 billion ($12.84 billion) through to 2022 to renewable energy projects including low-carbon property and transport, it said in a statement. Commonwealth Bank of Australia, the second biggest lender, said it would consider environment risks in loan and credit...
Tags: support
banks
australian
lending
War on Cash: Banks to start charging for cash deposits
2015-10-30 22:29:25| Energy - Topix.net
Few could have envisioned it even just a few years ago, but it's happening now, and on an ever-widening scale. More big U.S. banks are shunning cash , because the banking system has become so dependent on other "assets" that large cash deposits actually pose a threat to their financial health, according to The Wall Street Journal .
Food banks to offer financial advice
2015-10-30 13:43:18| BBC News | Business | UK Edition
Thousands of people attending food banks in the UK are to be offered access to free financial advice.
Tags: offer
food
financial
advice
Development Banks Climate Pledge: $100 Billion a Year
2015-10-22 23:19:00| Climate Ark Climate Change & Global Warming Newsfeed
Environment News Service: The worlds multi-lateral development banks have pledged to boost climate finance by committing a total of US$100 billion a year by 2020 to help developing countries mitigate and adapt to Earths warming climate. Finance ministers met in Lima, Peru earlier this month in advance of the United Nations Climate Change Conference set for Paris in December, when a legally-binding, universal global climate agreement is due to be signed. French Foreign Minister Laurent Fabius said, This is a positive...
Tags: year
development
banks
billion
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