Australia
Digital banking firm Backbase opens Sydney, Melbourne offices
It comes after the launch of its APAC base in Singapore.
Digital banking firm Backbase opens Sydney, Melbourne offices
It comes after the launch of its APAC base in Singapore.
Australian banks' loan deferral extension targets 'cliff' risks: Fitch
It will also give borrowers headroom to examine their financial conditions.
Australia's big banks to extend loan repayments for select customers
But customers who can resume paying their loans are required to do so.
Australia's Consumer Data Act goes live for data sharing
Customers can now share their banking data to access personalised financial products.
Australia's fintech deal activity slumps anew in Q2
Only 12 transactions were recorded compared to 18 in Q1.
Chart of the Week: Australian major banks' commercial property loan quality to deteriorate
Demand for consumer commercial real estate may weaken over the next two years.
Chart of the Week: Australia's card payments to grow 5% CAGR in 2019-2024
Even small merchants are now pivoting to cashless payments, says GlobalData.
Australia's policy stimuli help banks achieve investor confidence
Measures have led to improvements in funding and liquidity conditions.
CBA rolls out ‘acceptable use policy' to restrict abusive digital banking
Transactions can be refused and services suspended if a customer is found harassing others.
Australian banks' cash earnings drop 42.6% YoY to $5.4b
Sector braces for more uncertainty as banks cancel or defer dividend payouts.
Australian banks defer $130b in loans
100,000 loans were deferred in the past week.
Major Australian banks may take long to recover from headwinds
Hefty loan impairment charges may remain elevated.
Major Australian banks to absorb higher credit losses: report
Credit losses are likely to rise six times from historic lows in 2019.
Economic slump will drag Australian banks' loan performance: analysis
Wider effect will depend on stimulus measures and severity of disruption.
Australian banks feel the pinch despite stimulus package
Not enough cushion for impairment charges and bad debts.
Australian banks could withstand losses but longer disruption a risk
Credit losses will nearly double this year, with business loans leading the surge.
Citi Australia inks client transfer agreement with Royal Bank of Canada
RBC’s staff from Australia and Kuala Lumpur will be transferred to Citi.
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