Australia
All-digital bank to launch in Australia as big four reel from scandal
All-digital bank to launch in Australia as big four reel from scandal
Startup 86 400 will launch in early 2019.
ANZ exits another market with pullout from Papua New Guinea
The bank is concentrating on institutional and corporate banking.
Rural lending woes come knocking at Australian banks
Lenders may not be willing to take risks with little return guarantees.
Australia's purely digital bank Volt inks deal with fintech platform for payments
Customers will be able to connect with multiple service providers without changing existing payments and tech infrastructure.
CBA spins off wealth management and mortgage broking units as inquiry unravels empire
The units will be demerged into a new company called CFS Group.
Bank satisfaction deep dives in Australia after damning probe
The number of customers unlikely to recommend their bank hit a two-year peak.
Cards are chipping away at cash and cheque use in Australia
Consumers made over 8.3 billion card payments in 2017, equal to 23 million transactions a day.
Australia intensifies oversight over fintech lending
Moody’s lauds the move as a welcome development to improve transparency.
Robots could cut 10,000 Australian banking jobs over the next decade
The four major lenders slashed over 4,000 full-time roles in 2017.
Westpac's Tim Whiteley talks about the bank's AI and machine learning initiatives
Find out how the bank is developing its digital channels and systems architecture.
CBA agrees to shell out record $529.3m penalty
The payment will settle money laundering charges brought by the financial intelligence agency.
Bad loans inch up in Australian banks as mortgage arrears rise
There was an uptick in mortgage loans overdue for more than 90 days.
Embattled ANZ faces criminal cartel charges
The bank is grappling with a $2.3b share issue alongside underwriters Deutsche and Citigroup.
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.
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