Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

CBA confirms bid for BankWest

Staff Reporter 1 minute read

After conflicting reports last week The Commonwealth Bank has today confirmed it is in negotiations with HBOS plc to purchase BankWest.

In a statement to the ASX, CBA said it had commenced “exclusive negotiations” with HBOS and that “while discussions were continuing the parties have not yet reached agreement”.

An acquisition of BankWest would give CBA clear market share domination in WA.

The bank is also rumoured to be interested in Suncorp’s banking and wealth management operations which Suncorp confirmed yesterday it was taking expressions of interest for.

Published: 07-10-08

Today's other news

 

CBA confirms bid for BankWest
default
TheAdviser logo
default

 

more from the adviser
WLTH team Neolender CEO reveals broker plans

The co-founder and CEO of new mortgage lender WLTH has revealed i...

tech tool data Business loans to be included in CDR from 1 Nov

The ACCC has revealed examples of the types of business loans tha...

clock Lenders’ turnaround times slowest in three years

The time it takes from loan submission to approval surpassed 25 d...

FROM THE WEB