ANZ Warns on Profit Amid Write-Downs - WSJ.com: "ANZ shares fell as much as 13% after the bank said it expects cash earnings per share to fall by 20%-25% in the year ending Sept. 30 due to a worsening of the financial position of some of its corporate borrowers.
ANZ, Australia's fourth-largest bank by market capitalization expects provisions in the second half will likely be around 1.2 billion Australian dollars (US$1.15 billion), up from A$980 million in the first half."
Sunday, July 27, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment