Australia

The lender said it has the lowest level of impaired assets among its peers as its watchlist and substandard loans declined.

Expects profit from non-Australia and New Zealand to rise by 30% as it aims to compete head-to-head with HSBC and StanChart.

The move is part of the lender’s wealth strategy of investing in real estate business.

The lender’s chairman denied reports of Kelly’s replacement as she vowed to lead customer-focused retail banking strategy.

Its collaboration with China Huarong Asset Management aims to focus on wealth management, insurance and rural lending.

The Dutch banker taps Australia’s rural banking market as it recruit staff for its expansion in the country.

The popularity of the app has grown significantly as it constitutes about 20% of logons via mobile devices.

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 reported a 27 per cent rise in the first-quarter underlying profit on good momentum and lower provisions for bad debts.

The bank’s initiative of paying $700 fee charged by rivals sound commercial decision for the good of customers.

The lender wants to capitalize on expected corporate lending boom by expanding institutional banking.

The lender pushes move despite amidst Senate Economics Committee report on banking competition.

Westpac has set up an emergency banking relief service in Tully for Cyclone Yasi -affected customers. This will allow them to cash emergency relief cheques and perform basic banking transactions.

Small restructure in the bank’s retail distribution not a start of mass layoff but to increase efficiency.

The 14 year relationship of two companies enables NAB to give their clients wider range of BNY products.

Since the global financial crisis, tax authorities globally have been carefully monitoring compliance risks from planning activities associated with the use of tax losses by banks.