CBA has launched a new series of subordinated, unsecured Basel III compliant hybrid securities that will qualify as Tier 1 capital, with a bookbuild set to start on 8 November. read more
Financial institutions / Big five & fintech (2,232 items)
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BNZ (National Australia Bank’s Kiwi subsidiary) outperformed its Aussie parent, thanks to growth in mortgage lending with fatter margins. read more
Australian banks have now largely completed a decade long transition to stronger capital and liquidity positions, making them more resilient to adverse shocks than before the GFC, although a major cyberattack could shatter confidence, says the RBA. read more
Executives from Sydney-based startup Xinja are figuring prominently at this week’s Intersekt conference in Melbourne and scored a few headlines on Tuesday when they revealed that international fintech guru Brett King was joining the company as a strategic adviser. read more
As speculation intensifies that Volt Bank is only a matter of weeks away from securing a full banking licence from APRA, the company has launched its largest capital raising program. read more