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‘Disappointing outcome’: ANZ chair explains lagging home loans
20 December 2021
ANZ chair Paul O’Sullivan has pledged to fix the system issues that led to the bank’s stretched turnarounds, as its home loan book continues to dive.
23 December 2021
‘Essential’ need for regional SMEs to access banks: ASBFEO
Closing branches in regional areas will have a ‘disruptive’ impact on SMEs and cause a ‘ripple effect’ on communities, the small business ombudsman has warned.
30 November 2021
‘Westpac has fallen short’, says CEO
The major bank’s chief has apologised to customers, admitting far-reaching systemic issues led to each of the six matters presented in new civil lawsuits.
23 November 2021
1 in 10 Australians relocated due to COVID-19
Nearly 10 per cent of movers relocated due to the pandemic, with a fifth of Victorians moving to avoid lockdowns, according to NAB.
8 December 2021
86 400 hands back banking licence
APRA has revoked 86 400 Ltd’s authorised deposit-taking institution licence after the neobank handed it back.
25 August 2021
ACCC calls for feedback on Citi acquisition
The commission is calling for submissions on how NAB’s proposed purchase of Citi’s Australian consumer bank would impact competition.
10 November 2021
Afterpay launches new money app
Buy now, pay later service provider Afterpay Australia has launched a new money and lifestyle app to its 3.6 million users using Westpac’s banking-as-a-service offering.
15 November 2021
ANZ confirms fixed rate increase
The lender has become the latest big four bank to increase its fixed interest rates.
1 December 2021
ANZ cops credit card class action
A new class action lawsuit against the big four bank has cried foul over interest-free credit card contracts.
19 October 2022
ANZ expands executive committee
The major bank has announced changes to its executive committee to accelerate transformation and development of common business services.
9 December 2021
ANZ opens digital offering
With its incoming new digital service expected to launch from early next year, the major bank has launched registrations for interested customers.
9 December 2021
ANZ sued over offset account, package failures
ASIC has commenced a civil lawsuit against ANZ, over failure to provide loan benefits promised with offset transaction accounts or its Breakfree package.
1 September 2021
ANZ targets broker turnarounds as lending falls
An executive has revealed the big four bank is working to deflate its broker loan assessment times, as its book has slimmed.
8 November 2021
ANZ unveils new institutional bank leadership
The major bank has appointed five senior appointments to its institutional bank as it works to “strengthen the business” and deliver greater customer support.
27 October 2021
APRA extends timelines on revisions to market risk standards
The prudential regulator is giving banks additional time to implement several prudential standards for market risk, in response to “industry feedback”.