Daily Dispatches: Goldman tops M&A charts
Goldman Sachs JBWere's advice to BHP Billiton on its $US58 billion ($65bn) iron ore tie-up with Rio Tinto - the biggest local M&A deal of the year and the second largest globally - has rocketed the investment bank to the top of league tables for the Asia Pacific excluding Japan. (The Australian)
ANZ says it expects provisions for doubtful debts to fall in fiscal 2010, with more significant falls the year after. ANZ's retiring chairman, Charles Goode, told the bank's annual general meeting today that net profits "should be higher" in the coming year. (Herald Sun)
National Australia Bank is attempting to stake out a dominant position in the nation's wealth management market which is set to drive growth for banks over the next decade, according to its chief executive, Cameron Clyne. (Business Day)