Australia
Australia says industry not ready to decommission BECS
Australia says industry not ready to decommission BECS
The industry does not have a shared vision or transition plan yet.
Australia’s G&C, Unity Bank officially merge
G&C will maintain a strong capital position but faces integration risks, S&P said.
CommBank adds extra confirmation step for NetBank logins
Customers using the CommBank app will be prompted for confirmation.
Loans extended in Australia rose 6.5% in January
Business loans rose the fastest compared to the same month in 2024.
Westpac cuts home loan, deposit interest rate by 0.25%
Westpac Life and Westpac eSaver rates are affected.
Westpac lets home loan clients set-up offset accounts with no extra fees
Home loan customers can create up to 10 offset accounts.
ANZ joins Bank@Post, allowing customers to bank at Post Offices
Customers can access the services beginning 1 October 2025.
CBA expected to maintain low credit losses, strong capital levels
Australian banks remain exposed to high household debt and prices.
Westpac CEO welcomes changes to Australia’s home lending regulations
The bank suggested a more flexible approach to risk tolerance in property construction in select cases.
CommBank Australia reports net profit of $3.2b in H1
Interim dividend is A$2.25 per share.
Banked, NAB launch Pay by Bank payments on Amazon Australia
This allows customers to pay directly from their bank accounts.
Ageing Aussies may lead to more reverse mortgages
Older borrowers can retain their homes whilst getting equity, according to a bank.
Structured finance sector in Australia, New Zealand poised for ‘strong’ year
Resilient household sector and low unemployment will support the sector.
Airwallex expands to Brazil, Mexico
It finalized the acquisition of MexPago and obtained a license in Brazil.
Land Bank of Taiwan secures license to operate in Australia
It can operate as a foreign authorised deposit-taking institution.
Luxembourg’s Banking Circle to buy Australian Settlements Ltd.
ASL provides settlement and payment services in Australia.
HSBC sued by Australian regulator for allegedly failing to protect customers from scams
The regulator claimed HSBC's local operator received 950 unauthorised transaction reports.
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