Australia
HSBC sued by Australian regulator for allegedly failing to protect customers from scams
HSBC sued by Australian regulator for allegedly failing to protect customers from scams
The regulator claimed HSBC's local operator received 950 unauthorised transaction reports.
5 days ago
Beyond Bank, Cognizant modernize IT systems
It includes upgrading Beyond Bank’s End User Compute (EUC) systems.
5 days ago
RACQ to sell 90% of insurance business to IAG
If completed, the transaction alter the strategic positioning of the broader group.
Australia’s ANZ appoints HSBC wealth head as next CEO
Nuno Matos will receive $2.5m fixed remuneration per annum and will relocate to Melbourne.
CommBank walks back on account migration
Select accountholders would have been moved to a tier that has an A$3 withdrawal fee.
RACQ Bank’s insurance arm sale heralds' step towards revenue stability: report
Revenue from its insurance business has been volatile, according to Moody’s Ratings.
AusPayNet welcomes Aussie gov’t retirement of cheques by 2029
Cheques will cease being accepted by financial institutions by 2029
Commonwealth Bank divests wealth unit to LGT, 40 staff move
It is expected to close by mid-2025.
Bank Australia eyes growth with AUB buy
Currently, AUL is expected to continue supporting AUB until the transfer is complete.
Australian banks' credit risk rises amidst high debt, economic uncertainty
National Australia Bank reported an 8.1% decline in cash earnings.
Westpac expected to maintain solid capital despite profit drop
Credit risk is expected to remain low.
Australian mortgage arrears rise to highest in 10 years
Borrowers may have been affected by inflation and interest rate hikes.
RAB, Summerland merger will enhance their business stability: S&P
Their risk-adjusted capital ratio should remain above 15%.
APRA revokes two banking licences
At the time of revocation, the bank had not launched any products.
Little clear interest in a retail CBDC in Australia: central bank
Regulators are keen to pursue wholesale CBDCs.
Australia’s AT1 phase out proposal unlikely to be replicated by other regulators
It will wipe out the concentration of AT1 instruments held by domestic retail investors.
Australia’s P&N, Beyond Bank likely to seek other merger opportunities
S&P foresees further consolidation in Australia’s mutual banking sector.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
