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Asian shares hit as grim news abounds - Reuters
HONG KONG (Reuters) - Asian shares fell Thursday to their lowest this month on uncertainty about the U.S. Treasury's banking rescue plan and signs the global financial crisis biting deeper in Asia. Japan's Mizuho Financial Group said it plans to ...
Posted: Thu, 13 Nov 2008 06:49:00 GMT

Bad loans hit Commonwealth Bank - Financial Times
Commonwealth Bank of Australia , the nation’s largest bank by market capitalisation, said earnings for the six months ending in December would be hit hard by higher than expected bad-loan losses. The bank’s rivals have recently boosted their ...
Posted: Thu, 13 Nov 2008 18:02:00 GMT

Bank stocks hit hard; Commonwealth Bank directors under attack - News.com.au
COMMONWEALTH Bank shareholders yesterday turned the blowtorch on directors and senior executives after the group confirmed its bad-debt charges would blow out to at least $2 billion in 2009. Angry shareholders at the group's annual meeting in ...
Posted: Thu, 13 Nov 2008 14:13:00 GMT

Commonwealth Bank faces $2bn in bad debts - The Australian
COMMONWEALTH Bank's bad debt expense could double this year, blowing out from $930 million to well over $2 billion, as the bank absorbs a series of shocks from the collapse of Lehman Brothers, Allco Finance Group and ABC Learning Centres ...
Posted: Thu, 13 Nov 2008 20:47:00 GMT

Commonwealth Bank faces $2bn in bad debt - News.com.au
COMMONWEALTH Bank shareholders yesterday turned the blowtorch on directors and senior executives after the group confirmed its bad-debt charges would blow out to at least $2 billion in 2009. Angry shareholders at the group's annual meeting grilled ...
Posted: Fri, 14 Nov 2008 02:09:00 GMT

Commonwealth Bank shares fall 6 percent - Daily Times
SYDNEY: Shares in Commonw-ealth Bank of Australia Ltd (CBA), the country’s second-largest lender, fell six percent on Thursday after it said it expects higher bad loan provisions in the first half. By 2304 GMT, CBA shares were down 6.1 percent at A ...
Posted: Thu, 13 Nov 2008 23:46:00 GMT

CBA's loan losses to increase - The Age
SHAREHOLDERS have expressed dismay over Commonwealth Bank's investments in failed companies including Allco Finance Group and ABC Learning. At a long annual meeting, Commonwealth Bank chief executive Ralph Norris said loan losses would increase in ...
Posted: Thu, 13 Nov 2008 12:54:00 GMT

First Commonwealth Will Not Apply for Capital through the TARP Program - Earthtimes
INDIANA , Pa., Nov. 14 /PRNewswire-FirstCall/ -- First Commonwealth Financial Corporation (NYSE: FCF) announced that it will not apply for funds through the Capital Purchase Program (CPP), which is part of the federal government's Troubled Asset ...
Posted: Fri, 14 Nov 2008 21:00:00 GMT

CBA lends millions to collapsed ABC Learning - Big Pond News
The Commonwealth Bank has confirmed it has lent more money to ABC Learning to allow it to continue to operate childcare centres. It has been reported that ABC's banking creditors have lent the collapsed firm $30 million in response to urgent requests ...
Posted: Fri, 14 Nov 2008 00:50:00 GMT

CBA to take $1b hit over bad debts - Brisbane Times
THE failures of Allco Finance Group, ABC Learning Centres and the giant US investment bank Lehman Brothers could add $1 billion in bad debt charges to the books of the country's largest lender, the Commonwealth Bank, next year. With no sign of an ...
Posted: Thu, 13 Nov 2008 23:17:00 GMT