Australia
Australia's Westpac hit with up to $328t fine for money laundering
The bank is accused of enabling payments from child sex offenders.
Australia's Westpac hit with up to $328t fine for money laundering
The bank is accused of enabling payments from child sex offenders.
Australian banks' earnings to remain under pressure in FY2020
No thanks to growing customer remediation costs.
Australian banks may issue euro bonds to meet capital requirements
They will need to raise $34.32-41.87b worth of Tier-2 capital by 2024.
Australian contactless cards to hit nearly 70 billion by 2023 as cash loses luster
The number grew at a CAGR of 12.7% from 2015-19.
Australia's big banks may need to raise $12.6b to plug steep capital requirements
ANZ may see its CET1 ratio cut by about 75 bps.
Australian banks grapple with funding gap's historic low of 40% in Q1
Investor loan growth slowed to less than 1%.
Can Australian banks meet heavier capital requirements?
The regulator is proposing an aggregate-level risk-weight floor based on internal ratings-based approach.
Open banking could uplift Australian banks
The big four banks will be required to make data available for transactions by February 2020.
Chart of the Week: What annoys APAC bank users the most?
Frozen credit cards no longer spark as much annoyance.
Australian banks cut term deposit rates amidst cheaper funding
About 130 interest rate cuts were recorded in individual term deposit products in March.
Australian banks blame tighter credit checks for home loan decline
Applications dwindled despite unchanged loan success rate.
Australian banks slammed over repayment delays
Customers had to pay for services they did not receive.
NAB names Philip Chronican as next chairman
He will also serve as interim group CEO for the bank.
ABN AMRO unveils branch in Sydney
Peter Davis will lead the Dutch lender's operations in Australia.
Regulatory scrutiny weighs on Australian banks earnings
Lenders already struggle with weak loan growth amidst the housing downturn.
Should New Zealand banks brace for earnings blow amidst higher capital requirements?
Major banks would need around $4,55b if the proposal is implemented.
Citi appoints Keith Tuffley as vice chairman for Australia and New Zealand
He will also serve as senior inernational adviser to the BCMA team.
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