Australia

Westpac’s losses likely to stay low over next two years: S&P

Success of its “Unite” project will be crucial to support its business franchise and stability.

Westpac’s net profit dip 1% to $2.13b in H1 2025

The bank said it is managing their margins and working on cost management.

ANZ Bank set to unveil password-less web banking in mid-2025

Authentication will be done through biometrics or log-in request app approval.

NAB expands weekend access to Chadstone branch

The Australian bank has invested A$38m in renovating and upgrading its branches.

Westpac names Carolyn McCann as acting chief exec for its consumer division

The Australian Bank is doing an external search to fill the role permanently.

Australia’s Big 4 banks to see asset quality ‘moderately’ weaken in 2025

But impaired loans should peak in 2025 then decline in 2026 on falling interest rates.

Westpac to open three new banking service centres

They will provide face-to-face support for retail and business customers.

Westpac first to join AU’s energy rating trial for existing homes

The initiative aims to help households better understand their energy consumption.

CommBank establishes tech hub in Seattle

The first cohort focuses on learning to fast track adoption of agentic AI and gen AI solutions.

Westpac appoints Kate Dee as chief people officer

She has been the chief people officer of Bupa Asia Pacific since 2018.

ANZ moves up incoming CEO Nuno Matos’ start date to May 12

Matos is most recently the CEO of HSBC’s Wealth and Personal Banking.

Westpac unveils block option that stops retail transactions

It can be activated via the Westpac app or online banking platform.

Westpac expands female entrepreneurs fund to A$1b

The first A$500m has reportedly helped over 1,155 start or grow their businesses.

ANZ to launch digital account lock option by mid-2025

It will block card access as well and won’t affect standing future-dated payments.

NAB removed nearly 600 fake websites and products in 2024

They use spoofed URLs, promotions that pressure quick decisions, and fake testimonials.

Digital bank platform ANZ Plus reaches 1 million customers

Over half (55%) consider it their main bank account.