Australia
Australian banks face heated competition as first digital-only player enters fray
The country’s regulator has granted fintech bank Volt license to operate.
Australian banks face heated competition as first digital-only player enters fray
The country’s regulator has granted fintech bank Volt license to operate.
ANZ scraps financial planner bonuses amidst ongoing probe
Testimony by a company employee revealed that around 5% of the bonuses are “inappropriate".
Westpac hit by lower mortgage growth in H12018
The cooling housing market has squeezed profits from the residential segment.
Can trade finance plug the gap left by Australian banks' retreat from wealth?
Over a third of businesses expect trade finance demand to rise in the coming year.
NAB's cash profit drops 16% to $2.07b in H118
The bank’s restructuring efforts dragged its profitability.
NAB joins Australian exodus from wealth management business
The bank’s MLC subsidiary will be sold by the end of 2019.
CBA reveals loss of nearly 20 million bank account records
The bank lost two magnetic tapes containing 15 years of customer data.
Housing downturn will not shake Australian banks
Mortgage portfolios will remain intact amidst adequate capital buffers.
Australian banks under tight scrutiny for a decade of corporate wrongdoing
A probe has opened a can of worms ranging from bribes to extracting fees from dead customers.
Australian banks speed up Asian retreat as competition and oversight mounts
Amidst tighter regulatory pressures, analysts weigh in on whether Asia is still a market worth conquering.
Scaling down: Australian banks are pulling out from Asia
CBA is tapping on advisors as it mulls the sale of its Indonesian life insurance business.
Big Australian banks brace themselves for foreign competition in transaction banking
Corporate clients seek out new partners with trade finance capabilities.
Australia's cooling housing market to bite banks' profits
Residential mortgages account for more than 60% of banks' overall loan portfolio.
Commonwealth Bank launches AI chatbot named Ceba
Ceba will assist customers with more than 200 banking tasks.
Australian banks' profit growth to slow in 2018
No thanks to mounting pressure on business volumes and compliance cost.
Australian banks' asset performance mildly deteriorated in 2017: Moody's
Overdue loans grew despite the fall in impaired loans.
How will Australia's royal commission into the financial sector impact the banks?
Reputational issues and weakening investor confidence are amongst the expected effects.
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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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