Australia

ANZ ex-CEO Shayne Elliot sues the bank

ANZ ex-CEO Shayne Elliot sues the bank

Elliot’s long-term variable remuneration was adjusted to zero for 2025 and 2026.
2 days ago

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.

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.

8 in 10 young Aussies suffered financial difficulties in 2025

Just 30% think they will afford a comfortable place to live in the next 12 months.

Mortgage competition between Aussie homeowners and investors heats up

First-time homeowners increasingly need to take on more debt to afford a house.

Which suburb in Australia leads in mortgage arrears?

Victoria and New South Wales are the only states represented in the highest-arrears list.

Bank Australia solidifies competitive position with AUB merger: S&P

The bank has earlier announced a merger with Qudos Bank.

NAB earnings outlook tempered by higher costs and loan competition

The bank does have low levels of problem loans and a strong funding profile, Moody’s said.

Westpac faces earnings pressure despite strong asset base: Moody’s

Its NPL ratio has improved and its deposit base is stable.

Australia’s Ubank surpasses 1 million customers

It has named social media, particularly Tiktok, as an acquisition channel.