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.....
Westpac needs to up its offer for St George 24 June 2008
Another bidder for St George bank is unlikely despite the value of the Westpac bid falling, along with Westpac's share price since the bid was announced in May. Fund managers say Westpac needs to up its offer to appeal to St George shareholders. The initial implied premium price of 28.5 per cent over St George's valuation has evaporated into a discount of 3.7 per cent. A spokeswoman for St George said the bank remained committed to the deal. An independent expert, Grant Samuel will evaluate the deal and report to shareholders in September. Westpac will only improve its' offer once regulatory approval has been secured.
