SYDNEY, Oct 23 (Reuters) - Australia and New Zealand Banking Group Ltd (ANZ.AX) hopes to contain, and possibly improve, its group interest margins despite higher funding costs due to the global credit crisis, a senior executive said on Thursday.
The bank, which has embarked on an Asian growth strategy, also said it saw the value of Asian companies becoming more reasonable. ($1=A$1.48) (Reporting by Mette Fraende, editing by Mark Bendeich)
WASHINGTON (Reuters) - GMAC Financial Services is expected to get about $3.5 billion in additional U.S. government aid to help the troubled lender absorb mortgage losses, a financial industry source familiar with the matter said on Wednesday.
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