Australia
Australia to scrap card surcharges in October
Australia to scrap card surcharges in October
The RBA noted businesses charging the same rate on all cards.
3 days ago
Australia's Big Four banks face stage 3 loan risks as rates rise
Intense competition and rising costs are expected to reduce margins.
4 days ago
ANZ names Michael Peric and Trevor Vail as Markets co-managing directors
Peric and Vail report to Mark Whelan, group executive Institutional at ANZ.
4 days ago
Westpac becomes banking partner of the Royal Flying Doctor Service SA/NT
The partnership covers workplace banking benefits for RFDS’ employees.
ASIC cautions Aussie Gen Z about financial advice from socmed and AI
Trust from unreliable sources is contributing to riskier financial decisions, ASIC warned.
Aussie Big 4 banks raise home interest rates by 0.25%
ANZ, CBA, and NAB’s changes are effective 27 March 2026
Ripple seeks Australian AFSL license as payments volume doubles
It has over 75 regulatory licenses globally.
ANZ names Tammy Medard as group executive business & private bank
Medard will join the executive committee.
NAB says 3 in 4 home loan customers use offset accounts
Keeping money in an offset can cut around $74,000 in interest, the bank noted.
Westpac rolls out Book a Banker tool for home loan appointments
It will be expanded to St.George, BankSA, and Bank of Melbourne in the coming months.
National Australia Bank’s net profit up 11% to $1.56b in Q1 FY2026
Revenue rose 6% on higher markets & treasury income.
NAB underlying net profit jumps 12% to $3.1b in Q1
This was driven by the strong performance of its customer facing divisions.
Australia’s BEN to see low credit losses but at risk from housing shock: S&P
Operating efficiency will likely continue to improve on digital investments.
ANZ logs $1.38b profit in Q1 2026 on higher deposits and improved costs
The bank’s productivity program is underway, said CEO Nuno Matos.
CBA credit losses seen steady as debt risks linger: S&P
The bank is vulnerable to housing-related risks.
CBA earnings up 1% YoY to A$718m in H1 as deposit margins fall
Customer margins remained flat during the period.
NAB offers everyday banking appointments via Zoom call
Customers can self-book appointments at the NAB website starting March.
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