Australia
Australia sues Macquarie Securities for alleged misreported short sales
Australia sues Macquarie Securities for alleged misreported short sales
This is the fourth regulatory action ASIC had taken against Macquarie in the past year.
Macquarie Group to handle earnings drop following business sales to Nomura
Businesses in other markets should offset a drop in earnings in some businesses.
Australia's card acquiring market to grow 5.5% in 2025
This marks a slower pace of expansion compared to previous years.
Australia launches new license application portal
It has automatic pre-filling of application details.
Macquarie Bank to make remediation plan for recurring compliance failures
The bank failed to prevent 11 suspicious orders placed on the electricity futures market.
NAB net profit dip 2.5% to A$3.4b in H1 2025
Net operating income rose 1.4%, and net interest income is 0.6% higher.
National Australia Bank’s credit losses to remain low
Its CET1 ratio is expected to rise once it concludes the sale of its stake in MLC Life Insurance.
Chart of the Week: Australia’s credit and charge market to rise in 2025
Benefits and flexible repayment options is driving frequency of use.
Aussie banks launch digital locks versus online fraud
Cybercriminals now use AI and deepfakes to scam people.
Westpac’s losses likely to stay low over next two years: S&P
Success of its “Unite” project will be crucial to support its business franchise and stability.
Westpac’s net profit dip 1% to $2.13b in H1 2025
The bank said it is managing their margins and working on cost management.
ANZ Bank set to unveil password-less web banking in mid-2025
Authentication will be done through biometrics or log-in request app approval.
NAB expands weekend access to Chadstone branch
The Australian bank has invested A$38m in renovating and upgrading its branches.
Westpac names Carolyn McCann as acting chief exec for its consumer division
The Australian Bank is doing an external search to fill the role permanently.
Australia’s Big 4 banks to see asset quality ‘moderately’ weaken in 2025
But impaired loans should peak in 2025 then decline in 2026 on falling interest rates.
Westpac to open three new banking service centres
They will provide face-to-face support for retail and business customers.
Westpac first to join AU’s energy rating trial for existing homes
The initiative aims to help households better understand their energy consumption.
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