Australia
Failed P&N-CUA merger won’t slow Aussie mutual bank consolidations: S&P
Failed P&N-CUA merger won’t slow Aussie mutual bank consolidations: S&P
The two banks are expected to continue seeking consolidations.
4 days ago
PNL and Great Southern Bank scrap merger
The two Australian banks’ boards agreed to terminate their MOU.
4 days ago
BPS Financial fined $9.67m over Qoin Wallet crypto promotion
It is also hit with a 10-year ban for making unlicensed services.
6 days ago
Macquarie Bank launches new AI-powered chat agent
It can answer common customers' questions and requests and escalate to a team member.
Citi hires NAB, CBA bankers for Australia syndication team
Jessica Rowe joins from NAB whilst Dane Harris joins from CBA.
Australia’s big four banks loan deferrals, waive fees for bushfire victims
NAB is providing A$1,000 grants and additional financial relief, for example.
Australia big four banks hold majority of loans in mortgages
CBA and Westpac have the largest proportion of mortgages relative to their gross loans.
Citi names Ryan Ellis as head of markets sales for ANZ
Ellis will continue to be responsible for the ANZ rates sales franchise.
ANZ ex-CEO Shayne Elliot sues the bank
Elliot’s long-term variable remuneration was adjusted to zero for 2025 and 2026.
NAB Private Wealth names Alexandra Campbell as new CIO
Campbell will lead the investment strategy across all asset classes and JBWere.
CBA pays $525,000 in penalties for data sharing contraventions
Some customers may have been unable to share certain data to accredited recipients.
NAB offers loan relief, fee waivers to Aussie bushfire victims
Those directly impacted may also be eligible for credit card payment deferrals, amongst others.
ASIC proposes updates to credit disclosure as rules expire
It proposes changes to reverse mortgage information statement.
ASIC proposes reviewing relief instruments for financial services licensees
The two instruments will lapse in 2026.
Thousands of Aussie financial advisers fall short of 2026 rules
Over 2,300 advisers or providers risk losing authorisation on 1 January 2026.
Westpac to enable subscription viewing and cancellation in app
3 in 10 Australians say they are wasting money on duplicate or unused subscriptions.
Australia’s new mortgage caps unlikely to hit bank credit growth
The new limit may mitigate risks of significant increases in household debt.
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