Australia
5,000 customers applying for National Australia Bank compensation
The claims seek to recover any third-party costs customers face from online transactions following technical failure.
5,000 customers applying for National Australia Bank compensation
The claims seek to recover any third-party costs customers face from online transactions following technical failure.
Basel III and its implications for the world banking system
Financial institutions around the globe watched closely on the G20 Seoul Summit.
Westpac seeks raising $6.64bln in Europe
The bank had to source funds by covered bonds elsewhere since they are banned in Australia.
Watch out for Bank Levy
Although Australia has specifically rejected the idea of a global bank levy to help defray the costs of past and future financial sector bailouts, local institutions could still be caught by bank levies imposed elsewhere.
ANZ quits bidding for Korean Exchange Bank takeover
Move brought relief to ANZ’s investors, who were nervous about the capital needed to fund the acquisition.
NAB shareholders target $442mln in US subprime suit
Shareholders sued the bank for failing to report exposure and risk of losses from subprime mortgage exposure.
NAB mobile banking transactions up 200%
Australian banks’ move to enable consumers to download their apps for free to check bank or savings account balances spurred mobile transaction growth.
Commonwealth Bank sees customer leaving over interest rate hike
The bank raised its home loan rate by almost double the Reserve Bank's interest 0.25% official rate rise to fund its increasing costs.
30,000 customers files class action versus ANZ
The lender is among those in Australia that face $50mln charge for alleged illegal fees.
Westpac full year profit up 84% to $6.5bln
A sharp decrease in impairment or bad loan charges drove the lender’s profit up.
ANZ keen on expanding in India
The lender plans to open a full-service branch geared to the institutional and markets business.
ANZ seen to bid for entire KEB stake
Nomura “would be surprised” if ANZ is not considering making takeover bid after lender raises $1.6mln.
ANZ inaugurates Chengdu unit
Lender aggressive in China expansion as it seeks for $5bln purchase of KEB's 57% stake.
Westpac allots $100mln to boost retail division
Move follows lender's appointment of 670 managers in an effort to increase division's competitiveness.
Regulator approves ANZ Bank's $373mln China unit
Plans to set up 20 branches in three years as it targets stronger foothold in China.
HSBC names Paul Bloxham Chief Economist Australia and New Zealand
Reserve Bank of Australia experience brings in strong understanding of Australian macroeconomic policy formulation to lender.
National Australia junks bid for Axa Asia
Regulator's blocking of NAB-AXA deal paved way for AMP offer as insurer remains strategically attractive.
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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
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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1. Hong Kong SME’s funding gap at $21.7b 2. Funding Societies, SGeBIZ to offer embedded finance solution for SG businesses 3. China banking focuses on credit structure optimisation 4. Thailand’s central bank appoints three new senior roles 5. Bank of Singapore HK names ex-chief of Credit Suisse HK as its new chief executiveAwards
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