Australia
Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile
S&P expects the SML acquisition to be completed in mid-2024.
Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile
S&P expects the SML acquisition to be completed in mid-2024.
National Australia Bank, Banked eyes boosting A2A payment adoption
Their tech enables Australian merchants to send PayTo Agreements to customers.
Australia’s Macquarie well-capitalised despite lower profits
Net profit fell by 32% for the fiscal year ended 31 March.
No adverse effects on NAB’s capital after billion-dollar share buyback
Its core capital ratio remains at 11.75%, well-above the target range.
Trading platform Banxso secures Australian license
It will offer real-time data, analytics tools, and educational resources.
Australia’s Defence Bank lending strategy buoys strong asset quality
The bank’s problem loans will remain below 0.5%, says Moody’s.
POS terminals, e-commerce drive up card usage in Australia
Value added benefits like rewards points and discounts have made cards attractive.
Chart of the Week: Australia’s card payments to rise 8% in 2024
Debit cards rise with Australians reluctant to take on credit card-related debt.
Australia’s central bank names first-ever COO
Susan Woods has served as Assistant Governor (Corporate Services) at RBA since 2018.
CBA now a validation agent in the global legal entity identifier system
This comes ahead of Australia updating its OTC derivative transaction reporting rules.
Judo Bank poised for growth over next two years
Strong margins, rising lending assets will push it to expand.
Standard Chartered names Jacob Berman as Australia CEO
Berman first joined SC in 2012 and has worked in Singapore and Dubai.
CBA credit losses to remain low over next two years: S&P
Share buyback will shave off reserves, but CBA should be able to remain above capital requirements.
Bendigo and Adelaide Bank warns of impersonation scams
Criminals pose as bank brands to phish money and banking information.
National Australia Bank appoints Andrew Irvine as new group CEO
He will also become NAB’s managing director, beginning 2 April.
Citi names Cristina Chang as head of markets for Australia, New Zealand
Chang will retain her role as head of asset backed financing.
MUFG purchases 100% stake in Australian holding group
The acquisition is valued at AU$1.1b.
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