Australia
Australia court upholds five claims against Mayfair 101 head
Australia court upholds five claims against Mayfair 101 head
Mayfair 101 made multiple false and misleading representations in marketing some of its products.
1 day ago
Banks to participate in Australia’s tokenised asset settlement research
There will be 24 use cases explored in the project.
2 days ago
ANZ customers to spend $280m in Europe travel this summer
Hotel and airline bookings surged 11% in Jan-May 2025.
3 days ago
Only 1 in 10 CBA home loan customers reduced repayments after rate cut
Those in New South Wales were most likely to opt for the reduced repayments.
3 days ago
Australia’s big four banks' fossil fuel exposure remain in billions
They are exposed to methane emissions, which they do not measure separately.
AusPayNet launches public consultation on account-to-account payments
They aim to identify current and future payment needs and expectations of users.
Aussie banks welcome confirmation of payee system
It will check if the account names and numbers entered by the payer.
Bank Australia’s Qudos merger solidifies its competitive position
Its Qudos and Australian Unity Bank mergers are not expected to disrupt core activities.
CommBank deploys AI-powered bots to fight scams
The bots engage scammers, gather intelligence, and disrupt scam operations, it said.
ANZ’s group executive for technology and group services is retiring
Gerard Florian will pursue a “non-executive career”, the statement said.
NAB nabs Llyods UK banker as new group chief for digital, data, AI
Pete Steel previously spent 16 years at the Commonwealth Bank of Australia.
ANZ’s group executive for Australia retail is retiring
Maile Carnegie will retire from the role on 1 July 2025.
ASIC issues warning to influencers promoting high-risk financial products
The influencers are providing unauthorised financial product advice, ASIC said.
NAB record 16% new homebuyers after home lending rate cut
They expect to see more home buyers re-enter the market.
ASIC cancels licence of Financial Services Group Australia
It also permanently banned its responsible manager, Graham Holmes.
Commonwealth Bank of Australia completes stake sale in Bank of Hangzhou
CBA received approximately $940m, and CET1 ratio was raised by 17 basis points.
Australian banks may cut mortgage broker reliance to boost profitability
Driving customers to in-house channels could boost profitability.
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