Australia

The lender said companies would be left behind if they failed to grasp social media marketing, which had proved successful by its own experience.

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.

In the banking industry, growth is back on the agenda.

The pact enables ANZ to provide China Eximbank with finance facilities, offshore yuan bonds and other resources.

The issue is backed by 3,976 residential mortgage loans by an NAB unit.

NAB study shows 2.6mn Australians would have difficulty raising $3000 in an emergency while many lack access to basic banking services.

The launch of the agreement will enable acceptance of China UnionPay cards at EFTEX connected ATMs in Australia.

Decrease in debts and boost in lending to position the lender in delivering solid results until the second half.

The result failed to beat analysts’ forecasts despite Australia’s resilience amid global economic downturn.

StanChart is among the lenders in talks with ING for the 12-year-old ING Direct unit with estimated value of $6.5bn.

The bank believes its campaign of offering to pay the exit fees for mortgage customers who desert its competitors is key in outpacing the market.

The lender mulls to spin off existing UK assets to JV as it woos NBNK and BBVA for partnership.

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.

Former Deutsche Bank head to become executive general manager of trading, financial institution sales and research.

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.

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.