Australia
Bendigo and Adelaide Bank inaugurates new wealth management unit
Bendigo Wealth delivers better consistency across the bank’s product range as it aligns its portfolio of wealth management services with those of its retail bank.
Bendigo and Adelaide Bank inaugurates new wealth management unit
Bendigo Wealth delivers better consistency across the bank’s product range as it aligns its portfolio of wealth management services with those of its retail bank.
NAB names Drew Bradford trading head
Former Deutsche Bank head to become executive general manager of trading, financial institution sales and research.
Managing the digital threat
The proliferation of mobile devices and the growth in online tools and networks has been well documented, and the financial services industry has not been immune to this trend with an estimated 400 million people utilizing some form of mobile financial transaction within the next three years. Given this aggressive growth in digital financial services, l institutions that are embracing and shifting to digital channels for reasons of cost and better customer management must make security the centerpiece of any successful digital strategy.
Making Australia more attractive to global funds managers
As part of the Australian Government’s review of the taxation treatment of collective investment vehicles, the Board of Taxation has issued a comprehensive discussion paper for comment on how to enhance the competitiveness of the tax regime for Australian investment funds.
NAB Private Wealth names 2 new private bankers
The company expects Michael Parsons and Anna McCreery to bring outstanding expertise in financial services and wealth management.
Westpac claims its asset quality improving
The lender said it has the lowest level of impaired assets among its peers as its watchlist and substandard loans declined.
ANZ keen on expanding in Asia through M&A
Expects profit from non-Australia and New Zealand to rise by 30% as it aims to compete head-to-head with HSBC and StanChart.
NAB buys 35% stake in New York property fund manager
The move is part of the lender’s wealth strategy of investing in real estate business.
Kelly to head Westpac for another 3 years
The lender’s chairman denied reports of Kelly’s replacement as she vowed to lead customer-focused retail banking strategy.
National Australia Bank taps China market
Its collaboration with China Huarong Asset Management aims to focus on wealth management, insurance and rural lending.
Rabobank seeks to beef up Australian presence
The Dutch banker taps Australia’s rural banking market as it recruit staff for its expansion in the country.
Commonwealth Bank unveils NetBank for Android smartphones
The popularity of the app has grown significantly as it constitutes about 20% of logons via mobile devices.
NAB chief keen on lender’s steady turnaround
NAB optimistic that he can make each quarter better than the last as timing of the turnaround is not under the bank’s control.
ANZ Bank posts 27% profit rise in Q1
ANZ reported a 27 per cent rise in the first-quarter underlying profit on good momentum and lower provisions for bad debts.
NAB plans slashing exit fees for home loan switchers
The bank’s initiative of paying $700 fee charged by rivals sound commercial decision for the good of customers.
Westpac targets institutional banking business expansion
The lender wants to capitalize on expected corporate lending boom by expanding institutional banking.
NAB maintains campaign to abolish fees and cut prices
The lender pushes move despite amidst Senate Economics Committee report on banking competition.
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Unlocking the future of finance: Asian Banking & Finance Forum 2024 arrives in Jakarta
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Immerse yourself in the pulse of financial evolution at this premier gathering that unites visionaries from banking and finance across Asia
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