Foreign Subsidiary Bank

• John Kavanagh

Climate advocacy groups and investors have stepped up their use of litigation to try and speed up the move to net zero and, while energy and resource companies and government bodies are the main targe.. read more

• John Kavanagh

ING Australia regained momentum in the home loan market last year but is struggling to make headway with its push into the business banking market. read more

• Ian Rogers

HSBC is pulling out of Bank@Post and Post Billpay, with effect from 11 April. read more

• George Lekakis

Australian businesses are continuing to flee ING Bank after tolerating years of uncompetitive rates on savings and term deposit accounts. read more

• John Kavanagh

Pepper Money continues to look for diversification opportunities to offset difficult conditions in the Australian mortgage market, announcing on Friday that it will buy HSBC Bank’s New Zealand mortgag.. read more

• Banking Day staff

RedZed has appointed Calvin Cordle as its new CEO. read more

• John Kavanagh

A number of banks’ customer satisfaction ratings rose over the past 12 months, despite rising loan interest rates and some tardiness in passing on deposit rate increases. read more

• George Lekakis

Despite its rising prominence in Australian banking, Bank of China remains media shy and minimises disclosure. read more

• Banking Day staff

Bank of Sydney has appointed former MyState chief executive Melos Sulicich as its new CEO. read more

• George Lekakis

A surge in net interest income and fee revenue propelled HSBC Bank Australia to a stronger bottom line in 2022. read more

• John Kavanagh

ING Bank Australia has cut its fixed home loan rates and is now offering the lowest four and five-year rates on the Canstar database. read more

• John Kavanagh

ING Bank Australia suffered significant setbacks in 2022, with two regulators calling out compliance failings and a fall in the value of its home loan book in the second half of the year. read more

• Ian Rogers

A headline savings rate beginning with a 5 is now a feature of the normalising of interest rates in Australia, thanks to some (restrained) price leadership from ING. read more

• Banking Day staff

Australian Payments Plus has formed a strategic partnership with retailer Coles to develop a bespoke digital wallet based on the AP+ Beem technology. read more

• John Kavanagh

Anti-money laundering watchdog AUSTRAC reported yesterday that ING Bank Australia is not fully compliant with the rules of the Anti-Money Laundering and Counter-Terrorism Financing Act and needs to ta.. read more

• John Kavanagh

HSBC Australia has launched what it claims is a first for the Australian market – a Visa rewards credit card linked to a global airline alliance. read more

ANZ has completed a A$3.5 billion equity capital raising, which it will use to acquire Suncorp’s banking business. read more

• John Kavanagh

APRA has granted South Korea’s NongHyup Bank a licence to operate as a foreign authorised deposit-taking institution. read more

• John Kavanagh

Foreign banks maintained asset growth in Australia in 2021 but the rate of growth was well below the 2020 level, according to Minter Ellison’s latest Foreign Bank Tracker. read more

• Banking Day staff

Antony Shaw has been appointed chief executive of HSBC Bank Australia. read more