Australia
Lloyds considering sale of Australian banking units
It’s Lloyds latest bid to strengthen capital position.
Lloyds considering sale of Australian banking units
It’s Lloyds latest bid to strengthen capital position.
Commonwealth Bank of Australia submits 3 internalisation proposals
Find out more about the proposals here.
National Australia Bank appoints Craig Drummond as group executive finance and strategy
National Australia Bank Chief Executive Officer Cameron Clyne announced the appointment of Craig Drummond as Group Executive Finance and Strategy.
ANZ, NAB least liked Australian banks
Business customers rank both the worst for 12 months.
National Australia Bank has the largest business deposits market share
NAB leads the market with 23.9%.
Big Four Aussie banks' FX markets dominance challenged by Western Union, AMEX, OzForex
The banks' Spot FX market share fell to 64% in April 2013.
Why Asian banks must beware of the threat posed by Aussie banks
Transaction Banking in Asia is dominated by the ‘Big Three’ of Standard Chartered, HSBC and Citigroup - however the emergence of ambitious competition from abroad poses distinct challenges to both large and small banks.
Commonwealth Bank appoints Neal Livingston as global head of trade and transaction services
The Commonwealth Bank announced an appointment in its Institutional Banking & Markets business.
ANZ could fire 600 staff in Australia
Will outsource jobs to either the Philippines or New Zealand.
Aussie banks' earnings feared to slow in 2014
Operating environment is likely to deteriorate.
Here's how Commonwealth Bank's business segments fared in 1Q13
Guess which funds grew by 4%?
Westpac hires more senior managers for Asian expansion
Continues to poach senior bankers from global competitors.
Commonwealth Bank reports unaudited cash earnings of ~$1.9b in 1Q13
Group liquids were at $130b.
CIMB Australia and Morgans to collaborate to manage equity capital markets
CIMB will also provide research reports.
Aussie banks' liquid assets can now cover 60% of their wholesale funding liabilities
They're now more resilient to liquidity shocks.
Aussie banks urged to improve funding to meet Basel III requirements
They're expected to lengthen their wholesale funding.
BoCom to allow conversion of Aussie dollar into renminbi
Conversion to begin in 2014 as part of the renminbi’s internationalization.