Australia
Westpac to exit China, other Asian markets
Westpac to exit China, other Asian markets
It will consolidate operations into branches in Singapore, London, and New York.
Feeble asset quality, credit growth squeeze big Aussie banks
The full impact of the pandemic is yet to materialise.
Afterpay floats Asia, Europe expansion plans
It said its full-year loss has more than halved compared to last year.
Australia's Suncorp reports $654.4m profit for “very challenging” FY2020
The group’s cash earnings shrunk 32.8% from FY2019.
Asset quality, earnings pressure loom over Australia's big banks
There is underlying economic uncertainty due to rising infections and stricter restrictions.
ANZ Bank adds $500m to provisions in Q3
This adds to the earlier $1.21b provision.
Australian wealth management firm AMP's net profit at $145.75m in H1
Its underlying profit fell by 41.8% compared to the same period in 2019.
BNP Paribas floats Australia's first climate-linked green bond
The bond adds to the $350b in green bonds to be issued this year.
Australian regulator eases dividend rules on banks, insurers
They have been told to maintain caution on capital distributions.
Australian banking watchdog seeks to update dividend hold policy
It said that the local economy is now less uncertain than in April.
Australian neobank Tyro, Mambu partner for term deposit offering
Mambu's composable banking approach allows Tyro to launch products quickly.
Regulator finds Westpac's non-financial risk culture “immature and reactive”
The bank is embarking on a multi-year program to address shortcomings.
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.
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