Australia
CommBank names new group CIO and group CTO
CommBank names new group CIO and group CTO
Victoria Ledda and Rodrigo Castillo will take over their new roles on 1 July.
2 days ago
CommBank commits $98.56m to branch network
The bank aims to reduce wait times and expand access to specialist support.
3 days ago
Aussie mortgage holders spending less as higher rates bite: CommBank
They bucked the trend of Australian households spending more in May.
5 days ago
Australia streamlines financial accountability rules
The changes will halve compliance updates for 4,500 people.
5 days ago
Australian renovation loans surge 16% as fuel price spike threaten costs
Homeowners are advised to lock prices early and build a budget buffer.
NAB and IBA launch guarantee for First Nations business loans
IBA will guarantee up to 50%.
Australia's Big 4 stockpiles $22.8b amidst Middle East war fears
Business lending tops 34% whilst homebuyers still prefer brokers.
Australians spend $4.02m monthly on AI subscriptions: Westpac
Customers spend A$37 per month on average, based on credit card data.
CommBank's capital stays strong despite AT1 phaseout: S&P
APRA will begin classifying AT1 instruments as Tier 2 capital starting January 2027.
Australia card payments slow as GlobalData sees $790b in 2026
Contactless use in public transport is helping sustain everyday card activity.
Citi streamlines ETF orders for APAC clients as regional assets hit $1.81t
Direct integration heightens efficiency as clients no longer need to reconcile on multiple and separate platforms.
Westpac lends A$1b to 2,100 women entrepreneurs over 3 years
Women-led businesses are starting and scaling up across Australia, said Westpac’s Paul Fowler.
CommBank names UNSW’s Mary-Anne Williams as chief AI strategist
Wiliams will lead CommBank’s team of AI scientists.
NAB refreshes app and internet banking
Around 98% of banking interactions in NAB are digital.
Australia fines Snaffle A$33.5m as 38,000 contracts overcharged
Snaffle’s pricing charged between 88% and 103% in rates, over the 48% rate cap.
Australia rate hikes may slow lending at major banks
Refinancing activity could rise as borrowers search for cheaper mortgages.
National Australia Bank buys A2A payment company Banked
NAB will fully integrate Banked in the coming months.
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