Australia
Australian mortgage arrears rise to highest in 10 years
Borrowers may have been affected by inflation and interest rate hikes.
Australian mortgage arrears rise to highest in 10 years
Borrowers may have been affected by inflation and interest rate hikes.
RAB, Summerland merger will enhance their business stability: S&P
Their risk-adjusted capital ratio should remain above 15%.
APRA revokes two banking licences
At the time of revocation, the bank had not launched any products.
Little clear interest in a retail CBDC in Australia: central bank
Regulators are keen to pursue wholesale CBDCs.
Australia’s AT1 phase out proposal unlikely to be replicated by other regulators
It will wipe out the concentration of AT1 instruments held by domestic retail investors.
Australia’s P&N, Beyond Bank likely to seek other merger opportunities
S&P foresees further consolidation in Australia’s mutual banking sector.
Australia’s P&N Bank scraps proposed merger with Beyond Bank
The merged entity would have been worth about $23.8b.
Australia’s planned AT1 phase out to have little impact on banks
If pushed through, the CET1 minimum requirement will rise to 10.50%.
Westpac names Anthony Miller as CEO
Before joining Westpac, Miller was the Australia/NZ CEO of Deutsche Bank for 4 years.
Citi nabs BofA, ex-Goldman Sachs’ bankers to boost ANZ markets business
The new senior hires also come from Perennial Partners and MST Financial.
Aussie mutual lenders may consolidate to fewer than 10: analyst
Up to 40 mutual lenders may consolidate and potentially disappear, said S&P analyst Lisa Barrett.
CBA to retain capital levels despite buyback, high dividend payout
Cash net profit after tax declined 2% in the latest financial year.
Australia proposes central clearing of bonds and repos
Financial regulators are inviting feedback to reassess its possible implementation.
Airwallex clinches retail investment license in Australia
It will now be able to offer its Airwallex Yield product to the wider retail market.
NAB customer alerts lead to 17% decline in scam losses
Customers are said to have abandoned $100m in possible scam payments.
Fintech Airwallex records 84% revenue growth
Its Australia and New Zealand business saw revenue grow by 93%.
Citi Australia names David Bailey as head of debt capital markets
Bailey returns to Australia from New York.
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