Australia
Australian wealth management firm AMP's net profit at $145.75m in H1
Australian wealth management firm AMP's net profit at $145.75m in H1
Its underlying profit fell by 41.8% compared to the same period in 2019.
BNP Paribas floats Australia's first climate-linked green bond
The bond adds to the $350b in green bonds to be issued this year.
Australian regulator eases dividend rules on banks, insurers
They have been told to maintain caution on capital distributions.
Australian banking watchdog seeks to update dividend hold policy
It said that the local economy is now less uncertain than in April.
Australian neobank Tyro, Mambu partner for term deposit offering
Mambu's composable banking approach allows Tyro to launch products quickly.
Regulator finds Westpac's non-financial risk culture “immature and reactive”
The bank is embarking on a multi-year program to address shortcomings.
Digital banking firm Backbase opens Sydney, Melbourne offices
It comes after the launch of its APAC base in Singapore.
Australian banks' loan deferral extension targets 'cliff' risks: Fitch
It will also give borrowers headroom to examine their financial conditions.
Australia's big banks to extend loan repayments for select customers
But customers who can resume paying their loans are required to do so.
Australia's Consumer Data Act goes live for data sharing
Customers can now share their banking data to access personalised financial products.
Australia's fintech deal activity slumps anew in Q2
Only 12 transactions were recorded compared to 18 in Q1.
Chart of the Week: Australian major banks' commercial property loan quality to deteriorate
Demand for consumer commercial real estate may weaken over the next two years.
Chart of the Week: Australia's card payments to grow 5% CAGR in 2019-2024
Even small merchants are now pivoting to cashless payments, says GlobalData.
Australia's policy stimuli help banks achieve investor confidence
Measures have led to improvements in funding and liquidity conditions.
CBA rolls out ‘acceptable use policy' to restrict abusive digital banking
Transactions can be refused and services suspended if a customer is found harassing others.
Australian banks' cash earnings drop 42.6% YoY to $5.4b
Sector braces for more uncertainty as banks cancel or defer dividend payouts.
Australian banks defer $130b in loans
100,000 loans were deferred in the past week.
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