Australia
Australia intensifies oversight over fintech lending
Moody’s lauds the move as a welcome development to improve transparency.
Australia intensifies oversight over fintech lending
Moody’s lauds the move as a welcome development to improve transparency.
Robots could cut 10,000 Australian banking jobs over the next decade
The four major lenders slashed over 4,000 full-time roles in 2017.
Westpac's Tim Whiteley talks about the bank's AI and machine learning initiatives
Find out how the bank is developing its digital channels and systems architecture.
CBA agrees to shell out record $529.3m penalty
The payment will settle money laundering charges brought by the financial intelligence agency.
Bad loans inch up in Australian banks as mortgage arrears rise
There was an uptick in mortgage loans overdue for more than 90 days.
Embattled ANZ faces criminal cartel charges
The bank is grappling with a $2.3b share issue alongside underwriters Deutsche and Citigroup.
Australian watchdog seeks staff integration into misbehaving banks to intensify oversight
The Australian Securities and Investments Commission is seeking funding for this purpose.
NAB hit by nationwide technology outage
Customers were unable to access banking services for a time.
Foreign banks flock to Australia as local lenders reel from damning probe
Barclays, Societe Generale and ABN AMRO are amongst those taking advantage of the opening.
Australian banks shrug off damaging probe as earnings rise in 1H2018
Latest financial results show improving asset quality despite an ongoing inquiry into banking malpractice.
ANZ disposes another Asian asset in Cambodian JV stake sale
It will sell its 55% stake in Cambodian JV ANZ Royal Bank.
CBA sells stake in Chinese insurer amidst Asian exodus
It will sell 37.5% equity interest in BoComm Life to Mitsui Sumitomo Insurance.
Westpac creates executive role to handle complaints amidst ongoing probe
It promoted corporate affairs manager Carolyn McCann to the role.
CFO Rob Jesudason leaves CBA
He is the fifth executive to leave the embattled bank.
Australian bank inquiry could cut 8% of the country's finance jobs
Massive job cuts may be tantamount to losses seen during the 2008 global financial crisis.
CBA to shell out $18.67m in penalties for rate manipulation
The embattled bank has been accused of rigging the Bank Bill Swap Rate.
Housing downturn pushes Australian banks' credit growth down to 5.1% in March
Residential credit accounts for more than 60% of the banking system’s overall credit.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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