with representation in Australia, New Zealand and Asia, the Pacific, Europe , America and Middle East. ANZ is Top4 Among banks in Australia, the vast largest banking group in New Zealand and the Pacific, and among the top 50 banks in the world . ANZ is headquartered in Melbourne, opened its doors for the first time as the Bank of Australia in Sydney in 1835 and Melbourne in 1838 and our history depends on many different banks. 2013 Bank of the Year in Asia Pacific, Australia, Laos and Cambodia by
Structure of Australian Banks The first bank to be established in Australia was the Bank of New South Wales, which was established in Sydney in 1817, with Edward Smith Hall as its cashier and secretary. Through the 19th and early 20th century, the Bank grew rapidly to open branches throughout Australia and Oceania. From these humble beginnings, today, Australia’s 4 largest banks – The Commonwealth Bank of Australia, National Australia Bank, ANZ Banks and Westpac Banks, together hold approximately $1
Oligopolies can result in numerous forms of collusion between any of the dominating markets, which may reduce the amount competition therefore it leads to higher prices for buyers. The banking system is liquid and highly regarded in the Australian Financial sector. Over the past 10 years the four major banks in Australia on numerous occasions how shown just how far they are willing to go in becoming the most successful bank. In recent times, the very well know Commonwealth Bank is now the second largest
action-oriented senior executive with market expertise than spans over 15 years, and the commercial drive and presence needed to shape divisions and teams to meet ever pressing market commitments. Keen interest in technology with the ability to drive new products to market whilst protecting and growing market share. Proven track record of driving profitable sales growth, managing service improvement and developing and growing customer loyalty, across both public and private sectors. Skilled change agent
CONTENTS 1 Equities and Investment Analysis of Westpac Banking Corporation (WBC) 1 1.1.Basic information about the company 1 1.2 Description of the business and analysis of its strategic position in the industry. 3 1.2.1 main business 3 1.2.2 strategic position in the industry 4 1.3.Financial analysis 5 1.3.1 Operating performance during the last five years 5 1.3.2 Financial Risk Management 7 1.4.Valuationas 8 1.5.Investment Recommendations 9 2. Equities and Investment Analysis of Santos
Australian Smarter Banking: Make the most of your money Rahul, an employee in PWC ltd is being promoted to manager post in Australian branch for a year. He is worried about how will he manage his expenses in Australia. Rahul’s friend Aishili, who is a citizen of Australia, suggested him to open his account in Australian bank to manage his expenses effectively. Now he is trying to get the information about the Australian banking sector. Introduction to Australian banking Aishili informs Rahul
April, 1817 as the Bank of New South Wales. In the year 1982, the then Bank of New South Wales merged with the Commercial Bank of Australia, naming it as it is today, Westpac Banking Corporation. Westpac has branches and affiliates throughout Australia and New Zealand, contributed by merges throughout the previous years, and the Pacific region, and key financial centres around the world including London, New York, Hong Kong and Singapore. As at 31 March 2008, Westpac Group had a workforce of approximately
Commonwealth Bank Act in 1911 and commenced operations in 1912, empowered to conduct both savings and general banking business. The Commonwealth Bank of Australia is currently Australia's leading provider of integrated financial services and the most recognised brand in the Australian financial services industry. Its financial services include retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and share-broking products and services. The business’s
Sydney is the state capital of New South Wales and the most populous urban city in Australia. It is located on Australia's south, east coast along the Tasman Sea. To the east of Sydney you will find the basin bordered by the Pacific Ocean. To the west is the Blue Mountains region in New South Wales. North of Sydney you will find the Hawkesbury River. South of Sydney is the Woronora Plateau. To see more information on Sydney’s location, see Image 1 below. Sydney is located on a submerging coastline
essay will be discussing issues on gender inequality and other forms of discrimination in the workplace in Australia concentrating particularly on Australia and New Zealand Banking Group (ANZ). This essay will also be discussing on what implications have been done by ANZ Bank to solve the discrimination that has been a major concern in not only Australia but also around the world. Australia is ANZ’s largest market through a network of 800 branches, 115 business centres and employing over 47,000 employees
Pastizzi Café Pty Ltd v Hossain was the case of Supreme Court of New South Wales in July in 2011. In this Case, there were three Plaintiff named Pastizzi Café Pty Ltd, Deborah Ross, Leonard Ross and Two Defendant named Miraj Hossain, Talukder Enterprises Pty Ltd. Micheal Fitzgearld was the solicitor of Plaintiffs and Mooney & Kennedy were Defendant Solicitor. In this case, Mr Hossain and Ms Ross started the business of Pastizzi in 2007.At that time Mr Hossain and Ms Ross were the directors and
Contract Law, presumptions can become vague, misunderstood, misinterpreted and when used inappropriately can lead to ineffective judgments. To combat this and improve the process used to determine intention to create legal relations, The High Court of Australia has effectively re-characterised the role of presumptions, which has positively impacted other courts in the hierarchy. This began through the judgement made in Ermogenous v Greek Orthodox Community which positively changed the way judges dealt with
Country Overview The location of Australia is in the continent of Oceania. It is right in the middle of the South Pacific and the Indian Ocean. Australia is a large country and has a few different climate zones that include: moderate in the south and east parts, and hot throughout the north. The terrain is typically low accompanied by many desserts and rich plains found in the southeast. In terms of the landmass, the total area is 7,741,220 sq. km and is a bit smaller than the United States. The
Ethical Banking: an oxymoron or a change in banking practices required in the twenty first century? In the modern world, financial institutions are being held to strict regulation in a post Global Financial Crisis era yet financial institutions are still outlining their message of strong social responsibility. Is this all a façade or are financial institutions truly holding themselves to the strong message their claim? The pursuit of becoming a good corporate citizen and maintaining an ethical stance
be summed up in two points: (1) that the people (including, one should add, the government) should be ruled by the law and obey it and (2) that the law should be such that people will be able (and, one should add, willing) to be guided by it’. In Australia, there is an overlap of the three branches and it is argued there is not a significant distinction between the legislative and executive, consistent with British tradition. In the Constitution it does effectively unite the legislative and executive
According to the 2014 ANZ annual report, there are two strategies, super regional strategy and Remuneration Strategy, that the ANZ Banking Group used to create its value during 2014. It is clear from the profitability of Appendix 1, compare with 2013. ANZ has increased 615 million in cash profit. 1. Super regional strategy (Differentiated strategy) It aimed to accelerate ANZ becomes the best connected and most respected bank across the Asia Pacific region. This strategy has three key elements
Independent Study on Monopolies in Canada The idea of a single entity dominating a product or service in an industry is a controversial topic for Canadians. A monopoly is, “a single company or group who owns all or nearly all of the market for a given type of product or service. By definition, a monopoly is characterized by an absence of competition, which often results in high prices and inferior products” ("Monopoly Definition” Investopedia). The word “monopoly” derives from the Latin term, “mono”
Self and other are social binaries that have generated racial exclusion of non-whites; predominantly blacks. Racial exclusion is shown through the practice of xenophobic attitudes towards blacks. It is that this xenophobic attitudes aroused through the stereotypes generated to be the ideal black person possess uncivilised features, lips of a rapist, hairy, violent, and naked (OTHERNESS ARTICLE).Negative connotations are attached to these un-humane like features. It conjures an image of a beast like
ANALYSIS OF A CAREER IN INVESTMENT BANKING ANALYSIS OF A CAREER IN INVESTMENT BANKING INTRODUCTION What is Investment Banking Dictionary defines ‘investment’ as “the money that people or organizations have put into a company, business, or bank in order to get a profit, or to make a business activity successful” (Longman). An investment banker is someone whose job is to make investments as successful and as profitable as possible. It is investment banker’s job to use the knowledge
business in twenty-six countries they would obviously have numerous competitors. In an endeavor to localize these competitors we will outline them by continent and present the most conspicuous competitors for IKEA in North America, Europe, Asia, and Australia. While the competitors to the IKEA brand are valuable, none besides IKEA appear in the world’s most valuable brand profile performed by Forbes for yearend 2013. North America With a presence of fifty stores in North America, thirty eight of which