Australia
Australia flags excessive car finance fees in eight-lender review
Australia flags excessive car finance fees in eight-lender review
One customer paid $6,222 in fees on top of typical lender and distributor fees.
18 hours ago
HSBC Australia fined $24.53m over scam protection failures
HSBC admitted to inadequate scam controls in its internal transfer system between May 2023-2024.
2 days ago
NAB deploys AI analytics tool saving 2-4 days per use case
Genie translates plain English questions into structured SQL queries.
2 days ago
ANZ opens 27 branches on Saturdays for home loans and specialist banking
There will be no over the counter services on Saturdays.
2 days ago
CommBank names new group CIO and group CTO
Victoria Ledda and Rodrigo Castillo will take over their new roles on 1 July.
5 days ago
CommBank commits $98.56m to branch network
The bank aims to reduce wait times and expand access to specialist support.
6 days ago
Aussie mortgage holders spending less as higher rates bite: CommBank
They bucked the trend of Australian households spending more in May.
Australia streamlines financial accountability rules
The changes will halve compliance updates for 4,500 people.
Australian renovation loans surge 16% as fuel price spike threaten costs
Homeowners are advised to lock prices early and build a budget buffer.
NAB and IBA launch guarantee for First Nations business loans
IBA will guarantee up to 50%.
Australia's Big 4 stockpiles $22.8b amidst Middle East war fears
Business lending tops 34% whilst homebuyers still prefer brokers.
Australians spend $4.02m monthly on AI subscriptions: Westpac
Customers spend A$37 per month on average, based on credit card data.
CommBank's capital stays strong despite AT1 phaseout: S&P
APRA will begin classifying AT1 instruments as Tier 2 capital starting January 2027.
Australia card payments slow as GlobalData sees $790b in 2026
Contactless use in public transport is helping sustain everyday card activity.
Citi streamlines ETF orders for APAC clients as regional assets hit $1.81t
Direct integration heightens efficiency as clients no longer need to reconcile on multiple and separate platforms.
Westpac lends A$1b to 2,100 women entrepreneurs over 3 years
Women-led businesses are starting and scaling up across Australia, said Westpac’s Paul Fowler.
CommBank names UNSW’s Mary-Anne Williams as chief AI strategist
Wiliams will lead CommBank’s team of AI scientists.
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