Retail Banking

Australia, New Zealand propose reforms on AT1 capital rules

New Zealand wants to remove AT1 capital and introduce more granular standardised weights for credit risk. 
1 day ago

ANZ sets up resolution program, to submit remediation plan

ANZ could spend approximately A$150m on implementing the remediation plan.
1 day ago

SCB consolidates retail units under new consumer banking group

It is overhauling its branches as well as upskilling branch staff and relationship managers.
1 day ago

Philippine cash remittances up 3% to $3.18b in July

Cumulative cash remittances for the January-July 2025 period is now at $19.93b.
1 day ago

GXS Bank expands SME lending after Validus acquisition

It’s also targeting Grab merchants and Singtel customers for financing.
2 days ago

ASIC eases disclosure rules on deposit rates for banks

The relief is extended until 1 October 2030.
3 days ago

ANZ fined $240m for incorrect trading reporting and misconduct

This is the largest ever announced by ASIC against one entity.
3 days ago

South Korea’s home mortgage loan growth inch up in August

Resumption of non-face-to-face lending brings back household loans to a growth.
6 days ago

Hong Kong banks lift H1 profits on non-interest income growth

The four banks’ net interest margins are expected to improve in H2 2025.

ANZ to lay off 3,500 staff, reduce services contractors engagement

It expects a restructuring charge of $560m before tax in H2 2025.

New Zealand seeks feedback on liquidity framework and new CLF

It proposes changes for open market operations, such as reducing the max tenor.

Australia’s ASIC inks MOU with India to enhance cooperation arrangements

They aim to facilitate mutual assistance and information sharing, amongst others.

SCB EASY app adjusts maximum daily transaction limit

Transactions included are transfers to other SCB accounts, accounts to other banks, etc.

Malaysian banks to sustain profits despite slower loan growth

S&P expects loan growth to slow to 4%-5% over the next two years.

CIMB names new growth markets, Singapore unit chief

Victor Lee Meng Teck has resigned and will be on “gardening leave.”