Australia
Australian banks speed up Asian retreat as competition and oversight mounts
Australian banks speed up Asian retreat as competition and oversight mounts
Amidst tighter regulatory pressures, analysts weigh in on whether Asia is still a market worth conquering.
Scaling down: Australian banks are pulling out from Asia
CBA is tapping on advisors as it mulls the sale of its Indonesian life insurance business.
Big Australian banks brace themselves for foreign competition in transaction banking
Corporate clients seek out new partners with trade finance capabilities.
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.
Australian banks' asset performance mildly deteriorated in 2017: Moody's
Overdue loans grew despite the fall in impaired loans.
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 vulnerable to 'second order effects' from the housing market
Mortgages already account for 63% of banks' loan books.
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.
Will Australian banks ditch their wealth management business?
They may do so without being forced.
Four things that could weigh on Aussie banks' earnings in 2019
But banks are still in a "sweet spot" for now.
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.
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