World wire for which bank

Article Abstract:

David Murray, managing director of Australia's Commonwealth Bank (CBA), is planning to increase the bank's foreign revenue by almost 50%, with a target of 25% of income coming from overseas, by expanding CBA's global reach as a leader in online financial services. Murray is a big promoter of electronic commerce and its cost savings. A transaction at a bank costs $2, while the same transaction electronically costs 40 cents. CBA is already well-positioned in electronic commerce with its Commonwealth Securities and web site, the latter of which attracted more than 60 million visits in April 1999.

United Kingdom, United States, Commercial Banking, World, Functions related to deposit banking, Electronic Banking Svcs, Statistical Data Included, Banking industry, Cover Story, Electronic commerce, E-commerce, Electronic banking, Murray, David, Commonwealth Securities Ltd., Commonwealth Bank (Australia)

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The last emperor

Article Abstract:

The billionaire Richard Pratt discusses his plans in Asia and reveals a spin-off in Australia that would create a new $250-million company. The two outstanding objectives of Pratt are to find new growth opportunities and second to trim the company's $100 million annual administration expenses.

Strategy & planning, Foreign operations, Management dynamics, Misc. Converted Paper Products, Miscellaneous Plastics Products, NEC, Beliefs, opinions and attitudes, Packaging industry, Rich, Rich people, Company business management, Company business planning, Pratt, Richard, Visy Industries

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