Australia
Citi renews custodial and fund services contract with Australia’s Hostplus
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.
ANZ names Michael Peric and Trevor Vail as Markets co-managing directors
Peric and Vail report to Mark Whelan, group executive Institutional at ANZ.
Westpac becomes banking partner of the Royal Flying Doctor Service SA/NT
The partnership covers workplace banking benefits for RFDS’ employees.
ASIC cautions Aussie Gen Z about financial advice from socmed and AI
Trust from unreliable sources is contributing to riskier financial decisions, ASIC warned.
Aussie Big 4 banks raise home interest rates by 0.25%
ANZ, CBA, and NAB’s changes are effective 27 March 2026
Ripple seeks Australian AFSL license as payments volume doubles
It has over 75 regulatory licenses globally.
ANZ names Tammy Medard as group executive business & private bank
Medard will join the executive committee.
NAB says 3 in 4 home loan customers use offset accounts
Keeping money in an offset can cut around $74,000 in interest, the bank noted.
Westpac rolls out Book a Banker tool for home loan appointments
It will be expanded to St.George, BankSA, and Bank of Melbourne in the coming months.
National Australia Bank’s net profit up 11% to $1.56b in Q1 FY2026
Revenue rose 6% on higher markets & treasury income.
NAB underlying net profit jumps 12% to $3.1b in Q1
This was driven by the strong performance of its customer facing divisions.
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