Australia
Australian banks feel the pinch despite stimulus package
Not enough cushion for impairment charges and bad debts.
Australian banks feel the pinch despite stimulus package
Not enough cushion for impairment charges and bad debts.
Australian banks could withstand losses but longer disruption a risk
Credit losses will nearly double this year, with business loans leading the surge.
Citi Australia inks client transfer agreement with Royal Bank of Canada
RBC’s staff from Australia and Kuala Lumpur will be transferred to Citi.
Australian central bank pumps $3.64b into the banking system
The amount was larger than the intended $1.5b (A$2.5b).
MUFG prices world's first ESG-linked issuance for Sydney Airport
It is also the world’s first US Private Placement issuance.
MUFG Bank names Colin Richmond-Wells as Oceania transaction banking head
He was former HSBC London global head of client management for global liquidity.
Digital bank Xinja swipes more than $50m in deposits from Australia's big four banks
It hit $100m in deposits three weeks after its digital savings account launched.
Bushfires to have modest effect on Australian banks' credit losses: analysis
But losses from business lending could increase.
Australian borrowers hit by bushfires face risk of inadequate insurance coverage
Disruptions on local employment could drive arrears up.
Australian fintech firms raise over $2.7b from 2015-2019
Deals over $100m comprised 41.9% of capital raised.
Australian banks asset quality still strong despite surging mortgage arrears
Capital ratios of major banks rose ahead of higher capital requirements by 1 January.
Westpac chairman, CEO to step down amidst money laundering probe
The bank is the third of Australia’s major banks to lose executives after scandals for the past year.
Australia's Westpac hit with up to $328t fine for money laundering
The bank is accused of enabling payments from child sex offenders.
Australian banks' earnings to remain under pressure in FY2020
No thanks to growing customer remediation costs.
Australian banks may issue euro bonds to meet capital requirements
They will need to raise $34.32-41.87b worth of Tier-2 capital by 2024.
Australian contactless cards to hit nearly 70 billion by 2023 as cash loses luster
The number grew at a CAGR of 12.7% from 2015-19.
Australia's big banks may need to raise $12.6b to plug steep capital requirements
ANZ may see its CET1 ratio cut by about 75 bps.
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Resource Center
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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Most Read
1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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