Australia
Commonwealth Bank resolves class action suit
The class action by retiree Elizabeth Saunders and 14 others settled on a confidential basis.
Commonwealth Bank resolves class action suit
The class action by retiree Elizabeth Saunders and 14 others settled on a confidential basis.
34,000 customers file $48.5mn class action suit vs. ANZ
The lender joins 11 others which could face similar suits regarding overcharging of fees.
Rough times ahead in Australia banking system
Yet Prime Minister Julia Gillard stressed local banks have only marginal exposure to the euro-zone woes.
Banking Amendment Bill positive for Australian banks: Moody’s
The proposed amendments would allow banks, credit unions and building societies to issue covered bonds in the Australian market.
Australian banks grab majority share of new home loans
Most non-bank lenders were absorbed by giant banks after the financial crisis.
NAB sets eyes on US investors in RMBS Issue
The lender keen to woo American investors with Australian mortgages in the belief that foreigners are confident in the Australian housing market.
Commonwealth Bank confident on weathering crisis
The lender’s chief believe influx of retail deposits would protect Australian banks against higher funding costs.
Commonwealth Bank of Australia appoints 2 senior executives
The lender gave weight to Grahame Petersen’s strong strategic skills and Annabel Spring’s extensive global banking markets and wealth management experience.
Westpac appoints Peter Hanlon, as group executive transformation & productivity
Christine Parker will take over group executive human resources post vacated by Hanlon.
NAB still has no agreement with NBNK Investments
The lender’s decision to sell its UK operations is still pending.
Bank Mandiri’s investment arm taps Australian market
Mandiri Manajemen Investasi’s ties up with AFM Investment Partners to open Indonesia's stock market and bond market to Australians.
Westpac to open 7 Bank of Melbourne branches
The move comes amidst renewed pressure to curb costs as many Australian lenders have seen their revenue decreased.
Commonwealth Bank half year profit up 11% to $28.8mn
The lender seen to weather economic storms as it continues to maintain strong capital and liquidity ratios.
National Australia Bank plans to launch Jakarta office
The setting up of office will facilitate greater economic, trade and investment flows between Indonesia, Australia and New Zealand.
Capital ratios of Australian banks to be more conservative under Basel III: Fitch
Full implementation of the new Basel III minimum capital requirements is scheduled for 1 January 2013.
Westpac starts $1bn campaign to boost business
The bank intends to lend one billion dollars to local businesses in the next six weeks with perks and incentives.
ANZ gears up to buy Aozora Bank
The lender believes Japan offers opportunities for the group as the Japan’s hefty savings could help transform the Australian bank's structural dependence on offshore borrowing.
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