Australia
NAB profit falls 19% to $1.98b on large notable items
NAB profit falls 19% to $1.98b on large notable items
Net interest income rose by 8.5% whilst total operating expenses hit a 32.47% increase.
2 days ago
ANZ posts $2.63b profit for H1 2026 on moderate loan and deposit growth
Its dividend for the period is 83 cents per share.
2 days ago
AI bets could reshape costs and competition for Aussie banks
Customers are likely to positively view 24-hour support and shorter waiting times.
ANZ takes full control of ANZ Worldline venture for $63.7m
ANZ Worldline is a joint venture with Worldline Australia, established in 2022.
National Australia Bank settles overtime dispute with finance union
Certain teams in the bank were told they would not be paid overtime but get TOIL instead, according to the FSU.
Perth is emerging as an unlikely testbed for the future of global finance
Australia brings a sophisticated finance system, strong regulators, and high-quality education.
Commonwealth Bank of Australia deploys agentic AI to detect scam patterns
It also creates new rules to intercept scams, approved by the bank’s fraud analytics team.
Over 2 in 3 APAC adults say financial scams are on the rise: LSEG
Australians are most concerned about scams whilst the Chinese are likeliest to lose money.
Australia offers zero-interest loans for fuel-hit firms under A$1b program
ANZ and NAB confirmed they will offer the zero-interest loans.
NAB flags $504m in H1 impairment charges as Middle East conflict bites
It will apply a 1.5% discount to its dividend reinvestment plan to strengthen its capital position.
Citi renews custodial and fund services contract with Australia’s Hostplus
Citi and Hostplus have worked together for 13 years.
Australia’s CommBank enables e-Passports for bank account opening
Around 700,000 new customers join the bank yearly.
ASIC scam takedowns jump 90% as Australians’ losses hit $2.18b
ASIC also took down over 1,100 online scam investment advertisements.
NAB ‘stress-tests’ 200,000 businesses as fuel costs surge
Fewer than 2% of calls to the business care team focused on fuel pressures.
Westpac urges greater social media accountability as personalised fraud spikes
The bank noted a sharp rise in “Hi Mum” and business email or invoice scams.
Australia to scrap card surcharges in October
The RBA noted businesses charging the same rate on all cards.
Australia's Big Four banks face stage 3 loan risks as rates rise
Intense competition and rising costs are expected to reduce margins.
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1. OCBC to acquire $6.6b HSBC Indonesia wealth, retail banking business 2. Citi hires StanChart veteran to lead Hong Kong corporate banking 3. DBS’ net profit up 1% to S$2.93b in Q1 on record total income 4. Standard Chartered sets up AI lab to test banking use cases 5. DeeMoney CEO says trust will beat acquisitionResource Center
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CEO Phlaphongphanich said the industry is measuring the wrong things.
Commentary
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance
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