Australia
ASB Bank CEO Vittoria Shortt to step down
ASB Bank CEO Vittoria Shortt to step down
CBA’s Sinead Taylor will lead ASB Bank beginning 12 December.
5 days ago
CBA cuts merchant service fee to 0.99%
CBA expects this to help businesses with costs, as card surchaging is set to end in October.
ANZ invests $21.5m for branch refurbishments across Australia
It has completed four refurbishments and opened a new specialised business centre.
CashnGo fined $2.5m for secret account monitoring and unfair contract terms
CashnGo admitted to 658,000 contraventions during debt collection.
Australia’s digital wallets squeeze cards as report forecasts 50% by 2030
E-commerce market is expected to expand from $89b in 2025 to $127b in 2030.
Liberty Financial’s originations growth to drive revenue expansion
Niche service offerings will help defend its customer base, S&P said.
Aussie mutual banks walk AI and personalisation tightrope
They remain at an early stage of adopting AI due to their business models.
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.
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.
AI raises bank fraud risks as Australia faces control gaps
AUSTRAC has found potentially hundreds of millions of dollars in fraudulent loans.
CommBank to launch premium charge card
It will offer airport lounge access and travel insurance benefits.
ANZ flags scam coaching as criminals script victims' responses
Victims are armed with well-rehearsed stories or coached responses, ANZ warned.
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.
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