Business lending bolsters profit at Westpac
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SYDNEY Westpac Banking, Australia&#39;s fourth-largest lender, said Monday that second-half profit rose 16 percent from a year earlier to a record after it loaned more to businesses.
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Wells Fargo & Co. WFC.N, the No. 4  U.S. bank, on Tuesday said third-quarter profit rose, helped by  loan growth.
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Goldman Sachs Group Inc. on Thursday said fourth-quarter profit rose as its fixed-income, currency and commodities business soared while a rebounding stock market boosted investment banking.
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The fourth-largest U.S. bank said it benefited from the acquisition of Golden West Financial Corp. and higher loans.
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By staff writers and wires. AUSTRALIAN company profits jumped 10.3 per cent in the June quarter thanks to robust consumer and business spending that will boost economic growth outcomes and the electoral prospects of the Howard Government.
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ST GEORGE Bank has continued to post big gains from its lending with the Sydney based company producing an 18 per cent lift in after tax profit to $717 million.
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Citigroup Inc. and Bank of America  Corp. on Thursday posted double-digit gains in third-quarter  profit, driven by growth in consumer lending, deposits and  credit cards.
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Goldman Sachs Group Inc. GS.N on  Thursday said fourth-quarter profit rose as its fixed-income,  currency and commodities business soared while a rebounding  stock market boosted investment banking.
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ANZ Banking Group kicked off the bank reporting season on Tuesday, unveiling a record annual profit of $2.815 billion and extending the contract of chief executive John Macfarlane until 2007.
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Standard Chartered has bank, reported on Tuesday that net profits soared by almost one fifth last year, helped by strong economic growth in its key Asian markets.
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Lenders issued $33.2 billion in new loans for commercial properties in the second quarter, up 17.4 percent from the same quarter in 2003, the Mortgage Bankers Association said on Friday.
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Vancouver&#39;s Intrawest Corp. returned to profitability in its fourth-quarter results released Tuesday as stronger results from its management services and real estate development operations made up for a poor showing from its resort operations.
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EMCâs quarterly profit beat Wall Street expectations, as the seller of data storage hardware and software posted double-digit percentage gains across all its major business segments.
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Australia&#39;s dominant airline, Qantas, has nearly doubled its annual profits after recovering from the previous year&#39;s Iraq war and SARS induced downturn.
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Half-year profits at two of China's biggest banks surge on the back of higher lending and rising fees.
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Customers at the Big Six banks have been borrowing more with fewer defaults. It&#39;s a winning combination helped along by a buoyant economy, and it&#39;s expected to keep bank profits rising into the future.
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Macquarie Bank Ltd. (MBL.AX: Quote, Profile, Research) , Australia&#39;s largest investment bank, beat expectations with a 17 percent rise in first-half profit on