Australia
Australia fines Snaffle A$33.5m as 38,000 contracts overcharged
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.
6 hours ago
Australia rate hikes may slow lending at major banks
Refinancing activity could rise as borrowers search for cheaper mortgages.
15 hours ago
National Australia Bank buys A2A payment company Banked
NAB will fully integrate Banked in the coming months.
2 days ago
ASIC holds $1.93b in unclaimed funds from old financial accounts
The largest single amount currently unclaimed is around $927,000 (A$1.3m).
2 days ago
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.
NAB profit falls 19% to $1.98b on large notable items
Net interest income rose by 8.5% whilst total operating expenses hit a 32.47% increase.
ANZ posts $2.63b profit for H1 2026 on moderate loan and deposit growth
Its dividend for the period is 83 cents per share.
AI bets could reshape costs and competition for Aussie banks
Customers are likely to positively view 24-hour support and shorter waiting times.
ANZ takes full control of ANZ Worldline venture for $63.7m
ANZ Worldline is a joint venture with Worldline Australia, established in 2022.
National Australia Bank settles overtime dispute with finance union
Certain teams in the bank were told they would not be paid overtime but get TOIL instead, according to the FSU.
Perth is emerging as an unlikely testbed for the future of global finance
Australia brings a sophisticated finance system, strong regulators, and high-quality education.
Commonwealth Bank of Australia deploys agentic AI to detect scam patterns
It also creates new rules to intercept scams, approved by the bank’s fraud analytics team.
Over 2 in 3 APAC adults say financial scams are on the rise: LSEG
Australians are most concerned about scams whilst the Chinese are likeliest to lose money.
Australia offers zero-interest loans for fuel-hit firms under A$1b program
ANZ and NAB confirmed they will offer the zero-interest loans.
NAB flags $504m in H1 impairment charges as Middle East conflict bites
It will apply a 1.5% discount to its dividend reinvestment plan to strengthen its capital position.
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance