Australia
Australian watchdog seeks staff integration into misbehaving banks to intensify oversight
The Australian Securities and Investments Commission is seeking funding for this purpose.
Australian watchdog seeks staff integration into misbehaving banks to intensify oversight
The Australian Securities and Investments Commission is seeking funding for this purpose.
NAB hit by nationwide technology outage
Customers were unable to access banking services for a time.
Foreign banks flock to Australia as local lenders reel from damning probe
Barclays, Societe Generale and ABN AMRO are amongst those taking advantage of the opening.
Australian banks shrug off damaging probe as earnings rise in 1H2018
Latest financial results show improving asset quality despite an ongoing inquiry into banking malpractice.
ANZ disposes another Asian asset in Cambodian JV stake sale
It will sell its 55% stake in Cambodian JV ANZ Royal Bank.
CBA sells stake in Chinese insurer amidst Asian exodus
It will sell 37.5% equity interest in BoComm Life to Mitsui Sumitomo Insurance.
Westpac creates executive role to handle complaints amidst ongoing probe
It promoted corporate affairs manager Carolyn McCann to the role.
CFO Rob Jesudason leaves CBA
He is the fifth executive to leave the embattled bank.
Australian bank inquiry could cut 8% of the country's finance jobs
Massive job cuts may be tantamount to losses seen during the 2008 global financial crisis.
CBA to shell out $18.67m in penalties for rate manipulation
The embattled bank has been accused of rigging the Bank Bill Swap Rate.
Housing downturn pushes Australian banks' credit growth down to 5.1% in March
Residential credit accounts for more than 60% of the banking system’s overall credit.
Australian banks face heated competition as first digital-only player enters fray
The country’s regulator has granted fintech bank Volt license to operate.
ANZ scraps financial planner bonuses amidst ongoing probe
Testimony by a company employee revealed that around 5% of the bonuses are “inappropriate".
Westpac hit by lower mortgage growth in H12018
The cooling housing market has squeezed profits from the residential segment.
Can trade finance plug the gap left by Australian banks' retreat from wealth?
Over a third of businesses expect trade finance demand to rise in the coming year.
NAB's cash profit drops 16% to $2.07b in H118
The bank’s restructuring efforts dragged its profitability.
NAB joins Australian exodus from wealth management business
The bank’s MLC subsidiary will be sold by the end of 2019.
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