The specialists

Article Abstract:

Australia's ANZ Banking Group is rebuilding its operations into 21 specialist businesses because chief executive John McFarlane believes that full service banks have had their day.

Australia and New Zealand Banking Group Ltd., McFarlane, John

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Harsh medicine: the National will suffer financially and competitively from the regulator's 'blunt instrument' of reform

Article Abstract:

The (NAB) faces the problem of raising two billion dollars of fresh capital, which is required as per the (APRA's) stipulation for countering the problems caused due to the bank's irregular currency-options trading. APRA wants the bank to use their standard model for risk management, which is termed as a blunt instrument by the analysts and the changes are expected to hurt the bank financially.

Financial management, Management dynamics, Finance, Currency options, Powers and duties, Company business management, Company financing, National Australia Bank Ltd., Australia. Prudential Regulation Authority

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AMP to smooth the rough edges

Article Abstract:

Paul Batchelor, the newly appointed chief executive designate of AMP Ltd., will face some tough challenges when he takes over from George Trumbull in 1999. Batchelor's main task will be managing the 57% stake of insurance company GIO Australia. Batchelor and AMP are pursuing an alliance, rather than a full ownership, strategy. Batchelor also plans to focus on AMP's implementation and communications strategy, as well as on cutting costs in its British businesses.

Commercial Banking, Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Statistical Data Included, Commercial banks, Planning, Insurance industry, GIO Australia, AMP, Batchelor, Paul

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