Westpac CEO Gail Kelly is believed to be concerned that St George customers may move to Bendigo or ANZ as the merger takes hold. Just one St George executive ha.....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
NAB shareholders cool on reinvesting dividends 14 July 2008
Shareholders in National Australia Bank have largely spurned the opportunity to reinvest into the bank through its dividend reinvestment plan. The bank on Friday confirmed the placement of 58 million shares through the DRP. Of those the bank had to rely on its underwriter, Goldman Sachs JB Were, for 60 per cent of the new capital. Shares issued to shareholders pursuant to the DRP were only 40 per cent of the $1.6 billion in capital raised. One reason is the decaying NAB share price, not that the decline in NAB's shares is markedly worse than that of other major banks. NAB issued the new shares at $27.26 each, while the stock closed at $27.45 on Friday.
