Australia

Westpac profit drops 15%

Westpac Banking Corporation profit has fallen to US$6.2 billion.

Westpac profit drops 15%

Westpac Banking Corporation profit has fallen to US$6.2 billion.

CIMB to push for sukuk deals in Australia

CIMB starts Australian operations this week.

Outrage against Australian banks justified: CEO

Customers have a right to be angry at Australian banks over past treatment, says the Chief of Bendigo and Adelaide Bank, Mike Hirst.

ANZ customers allowed to challenge fees

Australia's High Court unanimously allowed a class action representing 38,000 ANZ customers to challenge a wide range of "exception fees".

More Asian banks to do business in Australia as foreign banks exit

But are Australian businesses open to engaging with banks such as CIMB, ICBC, and CCB in the domestic market?

ANZ Bank posts 10% increase in profits

ANZ Bank profited A$4.4 billion for the nine months to June for a 10 percent increase of profits.

Commonwealth Bank of Australia posts $7.43B profit

The Commonwealth Bank of Australia bucked uncertain business environment to push its profit up 11 percent from last year to US$7.43 billion.

CBA claims BankWest takeover helped Australian economy

The Commonwealth Bank of Australia says its acquisition of BankWest maintained public and investor confidence in the stability of the Australian financial system.

Australian banks accused of cheating on home loans

A consumer advocate has accused Australian banks before a Senate inquiry of providing home loans to those who can't afford home loans, and tampering the paperwork to make it look okay.

King’s Bank chairman denies plans to sell to Cathay Financial

Reports of plans by Cathay Financial to acquire King’s Town have been described as inaccurate by the latter's Chairman.

9 out of 10 Australian businesses stick to Big Four for banking

75% of these corporations are likely to open tender, but only across the leading four domestic banks.

ANZ partners with Gresham to launch ANZ Cashactive Fusion

This is Gresham's third major project with Australia and New Zealand Banking Group Ltd.

What you need to know about ANZ's Cashactive Fusion

Time to say goodbye to spreadsheets and emails as ANZ aims to automate organisations' financial information to enhance cash flow forecasting.

Australian banks may fail to finance massive infrastructure shortfall

With a shortfall of up to A$770 billion this decade, infrastructure as an asset class for investors remains problematic.

China’s Big Four converge on Australia

China’s big banks are doing their utmost to fill the vacuum left by the withdrawal of European bankers from Australia.