Australia
Westpac appoints Craig Bright as chief information officer
He previously served as chief technology officer of Citigroup's global consumer bank unit.
Westpac appoints Craig Bright as chief information officer
He previously served as chief technology officer of Citigroup's global consumer bank unit.
Could Australia's sharp housing downturn be a blessing in disguise for embattled banks?
Much has been said about slower credit growth but banks could also look forward to improving asset quality.
Falling home prices to drag Australian banks' 2019 credit growth to 3.5%
Mortgages account for roughly 60% of their loan portfolio.
Australia's big banks are abusing their industry dominance: report
Consumers are being shortchanged by the oligopoly.
Australia's big banks defy mortgage hike trend
ANZ and CBA have lowered their mortgage rates to boost lending.
Open banking loses steam in Australia with 3 in 5 consumers hesitant to share data
Consumers remain wary of banks in light of the damaging inquiry. Open banking is facing considerable headway in Australia as three in five banking consumers (66%) admitted that they remain unwilling to share their financial data with non-bank organisations or third party players, according to a survey by Accenture.
Australian banks rank lowest in global Q3 earnings outlook: UBS
The housing downturn is expected to weigh in on profitability.
Australian customers embrace smaller banks as top four bear brunt of scandal
Customer satisfaction was high for mid-sized lenders like Bendigo and ING.
Regulator zeroes in on misbehaving Australian banks issuing pension products
CBA and ANZ have agreed to pay a total $1.85m in community payments.
Australian banks urged to set credit card lending limits
A corporate regulator is proposing a three-year repayment period.
All-digital bank to launch in Australia as big four reel from scandal
Startup 86 400 will launch in early 2019.
ANZ exits another market with pullout from Papua New Guinea
The bank is concentrating on institutional and corporate banking.
Rural lending woes come knocking at Australian banks
Lenders may not be willing to take risks with little return guarantees.
Australia's purely digital bank Volt inks deal with fintech platform for payments
Customers will be able to connect with multiple service providers without changing existing payments and tech infrastructure.
CBA spins off wealth management and mortgage broking units as inquiry unravels empire
The units will be demerged into a new company called CFS Group.
Bank satisfaction deep dives in Australia after damning probe
The number of customers unlikely to recommend their bank hit a two-year peak.
Cards are chipping away at cash and cheque use in Australia
Consumers made over 8.3 billion card payments in 2017, equal to 23 million transactions a day.
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