Australia

Australia's cooling housing market to bite banks' profits

Residential mortgages account for more than 60% of banks' overall loan portfolio.

Australia's cooling housing market to bite banks' profits

Residential mortgages account for more than 60% of banks' overall loan portfolio.

Commonwealth Bank launches AI chatbot named Ceba

Ceba will assist customers with more than 200 banking tasks.

Australian banks' profit growth to slow in 2018

No thanks to mounting pressure on business volumes and compliance cost.

How will Australia's royal commission into the financial sector impact the banks?

Reputational issues and weakening investor confidence are amongst the expected effects.

Australian banks to battle headwinds from the cooling housing market

Moderating housing loan growth could drag banks' profitability.

Australian banks' stable profitability to offset risks for the next 12-18 months

What factors are behind the stable outlook for Australian banks?

Australian banks scrap ATM fees

They won't charge their rivals' customers a $1.6 cash withdrawal fee anymore.

Does Australia's Four Pillars banking policy need to be reviewed?

The ACCC wants to examine its impact on the competition amongst banks.

Citi Australia dead set on tripling its wealth management business by 2020

The bank will hire 100 new relationship managers over the next three years.

Commonwealth Bank to be probed by the Australian Prudential Regulation Authority

The Australian Securities and Investment Commission also launched its investigation.

Australian banks' compliance issues get exposed

Thanks to the recent money laundering crackdown.

This promising segment could prove lucrative for Australian banks

That is if banks can tailor a unique package of services for their needs.