Australia
Australian renovation loans surge 16% as fuel price spike threaten costs
Australian renovation loans surge 16% as fuel price spike threaten costs
Homeowners are advised to lock prices early and build a budget buffer.
1 day ago
NAB and IBA launch guarantee for First Nations business loans
IBA will guarantee up to 50%.
2 days ago
Australia's Big 4 stockpiles $22.8b amidst Middle East war fears
Business lending tops 34% whilst homebuyers still prefer brokers.
3 days ago
Australians spend $4.02m monthly on AI subscriptions: Westpac
Customers spend A$37 per month on average, based on credit card data.
3 days ago
CommBank's capital stays strong despite AT1 phaseout: S&P
APRA will begin classifying AT1 instruments as Tier 2 capital starting January 2027.
6 days ago
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.
NAB refreshes app and internet banking
Around 98% of banking interactions in NAB are digital.
Australia fines Snaffle A$33.5m as 38,000 contracts overcharged
Snaffle’s pricing charged between 88% and 103% in rates, over the 48% rate cap.
Australia rate hikes may slow lending at major banks
Refinancing activity could rise as borrowers search for cheaper mortgages.
National Australia Bank buys A2A payment company Banked
NAB will fully integrate Banked in the coming months.
ASIC holds $1.93b in unclaimed funds from old financial accounts
The largest single amount currently unclaimed is around $927,000 (A$1.3m).
CBA taps luxury label BEARE PARK to redesign frontline staff wardrobe
BEARE Park founder Gabrielle Pereira was a former banker herself, CBA said.
NAB names Connie Sokaris as group chief risk officer
Sokaris starts in her new role on 3 August 2026.
CBA onboards FIS to streamline reconciliations
FIS is expected to process over 150 million transactions per day for CBA.
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