Major Banks

• Ian Rogers

Incredibly, Prosegur are interested in buying Armaguard, but this won’t be needed. The ABA is understood to have reached terms with Armaguard that will assure cash distribution is maintained. read more

• Ian Rogers

A bank branch (mainly NAB’s) closed in regional Australia every 5 days since a Senate inquiry into bank closures in regional Australia was announced early last year. read more

• John Kavanagh

NAB has slashed its advertised home loan rates to bring them into line with the rates borrowers actually pay. read more

• John Kavanagh

NAB has formed a partnership with cyber security company CrowdStrike and is offering its SME customers a year’s free access to the CrowdStrike Falcon Go service.  read more

• John Kavanagh

Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more

• John Kavanagh

ASIC chief executive Warren Day is leaving the regulator to join the Commonwealth DPP. read more

• John Kavanagh

NAB’s new chief executive Andrew Irvine has appointed Rachel Slade to take over running the bank’s biggest division, business and private banking. read more

• John Kavanagh

Westpac leads the move to shut bank branches, with 167 closures last year, according to new research. read more

• John Kavanagh

Westpac has launched an ambitious upgrade of its technology simplification program in a bid to improve customer outcomes and bring its cost-to-income ratio down to the level of its better performing b.. read more

• Ian Rogers

In a decision that seems unlikely to stand, the Federal Court has found that Finder Wallet Pty Ltd’s crypto product Finder Earn is not a debenture. read more

• 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

• Ian Rogers

APRA has removed the $500 million capital add-on it imposed on NAB in response to issues identified in the bank’s risk governance self-assessment. read more

• John Kavanagh

Commonwealth Bank chief executive Matt Comyn was caught off guard yesterday when Stockland CEO Tarun Gupta asked him to consider offering a loan that would allow people to buy into land lease developm.. read more

• John Kavanagh

Commonwealth Bank has extended its partnership with Microsoft to further ongoing cyber security initiatives and develop generative AI applications. read more

• Banking Day staff

Westpac has moved its audit business from PwC, its auditor of 50 years, to KPMG.  read more

• Ian Rogers

Commonwealth Bank will shut 45 Bankwest branches in Western Australia by the end of the year and convert 15 more to the main CBA brand. read more

• Ian Rogers

The application of Moody’s revised Advanced Loss Given Failure analysis to certain Australian banks yesterday has led to a shake-up of credit ratings for four banks, including two downgrades for regio.. read more

• John Kavanagh

A start-up promising to help home buyers bridge the deposit gap has gone into administration, just months after launching its loan. read more

• Ian Rogers

The barely challenged lack of competitiveness or even relevance of Suncorp Bank is the dark heart underlying the full decision of the Australian Competition Tribunal to grant authorisation for ANZ to.. read more

• John Kavanagh

Douugh’s December half financial report reveals the fintech is technically insolvent. read more