Australia
Westpac keen on securing CNY license
Westpac's ability to tap the booming trade between Australia and China will strengthen if CBRC grants the license.
Westpac keen on securing CNY license
Westpac's ability to tap the booming trade between Australia and China will strengthen if CBRC grants the license.
2 Australian banks outsource 250 jobs overseas
Westpac and ANZ’s move that has cut jobs in mortgages operation and debt collection is condemned by FSU.
Bankers from Pacific Islands to get training in Italy
The Pacific Financial Inclusion Program announced that representatives from some Pacific countries will join a delegation to attend the Boulder Institute of Microfinance training in Turin.
Westpac’s CEO to calm mortgage fears amidst experts’ warnings
Kelly defied property experts’ forecasts by saying that although mortgage arrears have increased Australia’s economy will keep the housing market intact.
Commonwealth Bank's NetBank system hit by glitch
The problem was fixed it had been happening for days as NetBank site suffers "intermittent issues."
ANZ Bank commences Mumbai operations
The Australian bank to give a full range of Indian Rupee and foreign currency banking services.
China and India bank applies for licenses in Australia
AgBank, BoCom, Bank of Baroda, and Union Bank of India among the ten international banks to exploit Australia’s booming mining and resources industry.
Westpac profits faces threat from struggling unit
Analysts doubt on the lender’s ability to maintain its profit growth momentum, after the bank revealed a spike in mortgage arrears.
Commonwealth Bank mulls offering $5.37bn covered bonds
The lender immediately wants to test the market once new laws that seeks to clear the way for Australian lenders to issue covered bonds is passed.
NAB starts new social media campaign
The lender said companies would be left behind if they failed to grasp social media marketing, which had proved successful by its own experience.
Collateral management wisdom
As the rest of the world scurried to locate adequate collateral in order to secure transactions against mounting counterparty risk and to gain access to central bank liquidity, Asian banks and financial institutions were relaxed.
How facebooked is your bank and do you twitter?
In the banking industry, growth is back on the agenda.
ANZ expands Asia presence via deal with China Eximbank
The pact enables ANZ to provide China Eximbank with finance facilities, offshore yuan bonds and other resources.
NAB issues $796.5mn residential mortgage securitisation
The issue is backed by 3,976 residential mortgage loans by an NAB unit.
Australians in looming debt spiral
NAB study shows 2.6mn Australians would have difficulty raising $3000 in an emergency while many lack access to basic banking services.
EFTEX pitches in to aid China UnionPay card's Aussie expansion
The launch of the agreement will enable acceptance of China UnionPay cards at EFTEX connected ATMs in Australia.
Westpac first half profit up 7% to $3.43bn
Decrease in debts and boost in lending to position the lender in delivering solid results until the second half.
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