Australia
Weekly Global News Wrap: JPMorgan expects 20% revenue drop in Q1; CBA reports record profits
And Apple may look into into customers’ spending history, device ownership for BNPL services
Weekly Global News Wrap: JPMorgan expects 20% revenue drop in Q1; CBA reports record profits
And Apple may look into into customers’ spending history, device ownership for BNPL services
Commonwealth Bank of Australia’s earnings to remain robust over next 2 years: S&P
Housing risks lessen as local house prices continue its correction.
Australian structured finance issuance slowdown imminent in 2023: S&P
The multiple interest rate raises will begin to bite on issuers.
Australia’s biggest banks to pay $84.51m for insurance lawsuit
CBA, Westpac, and ANZ allegedly misled customers by selling or issuing policies of no value.
Citi launches digital proxy voting service in Australia, New Zealand
Investors can vote and receive confirmation in real-time.
Australian banks’ cyber risk growing: S&P
Regional lenders are most vulnerable, especially to a data breach.
Australian regulator removes CBA’s operational risk capital add-on
The add-on was initially set at $650m.
St. George Bank tops Australian banks in digital experience net satisfaction: study
Auswide Bank received a negative net satisfaction score for their range of digital products.
Australian regulator grants IN1Bank a second extension on restricted ADI license
The digital bank is still aiming to get a full license by the end of the year.
APRA revokes Volt’s authorised deposit-taking institution licence
The bank first announced its closure in June.
Australian regulator removes Westpac add-on liquidity requirement
The removal of the add-on takes effect this 1 September.
Australia’s Judo Bank on track for earnings growth
Its net interest margin is expected to be 3% over the next two years.
ING Australia names Andrew Hector as head of wholesale banking
He previously worked for ANZ for 13 years.
Australia’s mortgage delinquency rate to rise in coming quarters
It is beset with the same issues as of its peers: inflation and interest rates.
Australia’s fintech investments down 75% in Q2
If it continues this trend, fintech investments will be down 39% in 2022.
Financial technology (companies in Australia raised $0.8b of capital during the first six months of the year, according to data gathered by Fintech Global.
Volt Bank returns deposits to customers after announced closure
The bank struggled to raise enough funds to sustain its business.
Credit card keyword searches in Australia skyrockets by 81%
Approximately 75% of keywords were related to activating a new credit card.
Thought Leadership Centre
In Association with
In Association with
Resource Center
Read Here
Advertise
Sign Up
Event News
Event News
Why Philippine banks, insurers embrace hyper-personalized services
![Why Philippine banks, insurers embrace hyper-personalized services]()
Insurance
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.
Videos
Partner Sites
Thought Leadership Centre
In Association with
In Association with