Australia

Westpac names Anthony Miller as CEO

Westpac names Anthony Miller as CEO

Before joining Westpac, Miller was the Australia/NZ CEO of Deutsche Bank for 4 years.

Citi nabs BofA, ex-Goldman Sachs’ bankers to boost ANZ markets business

The new senior hires also come from Perennial Partners and MST Financial.

Aussie mutual lenders may consolidate to fewer than 10: analyst

Up to 40 mutual lenders may consolidate and potentially disappear, said S&P analyst Lisa Barrett.

CBA to retain capital levels despite buyback, high dividend payout

Cash net profit after tax declined 2% in the latest financial year.

Australia proposes central clearing of bonds and repos

Financial regulators are inviting feedback to reassess its possible implementation. 

Airwallex clinches retail investment license in Australia

It will now be able to offer its Airwallex Yield product to the wider retail market.

NAB customer alerts lead to 17% decline in scam losses

Customers are said to have abandoned $100m in possible scam payments.

Fintech Airwallex records 84% revenue growth

Its Australia and New Zealand business saw revenue grow by 93%.

National Australia Bank arm invests on digital asset custodian Zodia

Zodia aims to onboard Austrlia's home grown digital asset exchanges in its platform.

Bank of Queensland’s tech bet leaves operating performance to chance

The bank may achieve savings— or leave its operating performance structurally weaker.

New Zealand sets new debt-to-income restrictions in lending

It reduces the amount of high-DTI loans that local banks can lend out.

Australian banks’ dividends to stay flat amidst cash earning pressures

The higher payouts in H1 were to establish shareholders’ confidence, S&P said.

Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile

S&P expects the SML acquisition to be completed in mid-2024.

National Australia Bank, Banked eyes boosting A2A payment adoption

Their tech enables Australian merchants to send PayTo Agreements to customers.

Australia’s Macquarie well-capitalised despite lower profits

Net profit fell by 32% for the fiscal year ended 31 March.

No adverse effects on NAB’s capital after billion-dollar share buyback

Its core capital ratio remains at 11.75%, well-above the target range.