Australia
ANZ prevented, recovered over A$100m in scam and fraud-related funds
ANZ prevented, recovered over A$100m in scam and fraud-related funds
Its customers' financial losses to scams fell by 15%, the bank said.
Bendigo and Adelaide Bank expected to maintain stable credit quality
The bank’s credit losses are expected to remain low over the next two years.
APRA releases 2025–26 corporate plan to strengthen financial system
It outlines APRA’s strategic direction over the next four years.
Australian mutual banks may offset costs through process automation
It could help banks sustain their historical loan growth of about 6%.
National Australia Bank fined $15.5m for failing to respond to hardship claim
NAB and subsidiary AFSH are required to publish an adverse publicity notice.
NAB, Westpac cut interest rates of home loans
Westpac also cut the interest rates of deposits.
Westpac names Carolyn McCann as chief executive, consumer
McCann was previous group executive for customer and corporate services.
CBA partners with OpenAI for scam and fraud detection, personalised services
CBA employees will progressively get access to OpenAI’s AI tools.
iSignthis fined $10m for breaching Australian disclosure laws
Former MD and CEO Nickolas Krantzis penalized $1m for breaching his director duties, amongst other reasons.
ANZ rolls out home loan policy changes to aid self-employed Australians
Earlier in July, Westpac halved its income assessment to one year.
Commonwealth Private unveil self-directed investment option for wholesale investors
Private Wealth Advantage is a self-directed investment option for wholesale investors.
Banking Circle S.A. acquires Australian Settlements Limited
Banking Circle offers instant payment technology to payment companies and banks.
Financial complaints surpass 100,000 in Australia in 2024-25
Banking and finance related complaints fell 9% on declining scam-related complaints.
NAB invests $55m to upgrade over 100 branches across Australia
About 82 of the branches upgraded are in regional Australia.
Aussie regulators update MOU to strengthen financial stability cooperation
The updated MOU sets out their respective roles for contributing to financial stability.
Australian banks to refund $60.5m to customers hit by high fees
Over 1 million customers have been moved into low-fee accounts, ASIC said.
Australia probes debt firms over term breaches and poor service
They may be failing to meet agreement terms or charging high fees, amongst others.
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