Australia

Aussie mutual banks walk AI and personalisation tightrope

They remain at an early stage of adopting AI due to their business models.
1 day ago

Bendigo and Adelaide Bank to offset AML capital charge with low credit losses

Its credit losses are expected to remain low over the next two years.
2 days ago

ANZ's scam losses down 24% in Oct-June

The Aussie bank said it prevented and recovered A$100m in scam and fraud-related funds.
2 days ago

AI raises bank fraud risks as Australia faces control gaps

AUSTRAC has found potentially hundreds of millions of dollars in fraudulent loans.
3 days ago

CommBank to launch premium charge card

It will offer airport lounge access and travel insurance benefits.
6 days ago

ANZ flags scam coaching as criminals script victims' responses

Victims are armed with well-rehearsed stories or coached responses, ANZ warned.
6 days ago

Australia's crimes agency regulator flags systemic mortgage fraud

They uncovered inflated incomes and fabricated business activity to support loan applications.

Judo Bank seen sustaining strong earnings despite higher credit losses

Higher specific provisions have led to weaker asset quality.

CBA expands rewards program CommBank Yello to home loans and savings

Customers can earn, track, and redeem points for these banking activities beginning 1 October.

NAB Q3 profit rises 9% to $1.28b as loans and deposits grow

Total gross loans rose 6%, with both business and home lending volumes expanding.

New Zealand legal provision caps ANZ’s Q3 profit growth

Loans, net interest income, and net interest margin all improved during the quarter.

ANZ cash profit 1% to $1.34b as NZ provision bites

ANZ said it is disputing a NZ$125m class action ruling.

Westpac hits $1.27b net profit in Q3 on more lending activity

NIM benefited from a high-interest rate environment, offsetting competitive pressures.