Posts tagged "Australian banks"

The Westpac Group will close 24 branches, CBA will close five and the NAB will close eight banks, the Finance Sector Union says.

A longtime NAB employee has accused the company of failing to act on reports of her manager’s poor behaviour, in a federal case that shines a spotlight on an alleged “boys' club” culture at Australia’s biggest banks. 

Westpac is to pay $1.3 billion, by far Australia’s biggest-ever corporate fine, for breaches of the anti-money laundering act.

Neobank Xinja is boasting about the fat stacks flowing into its coffers from Australians disaffected with the behaviour of the big four banks.

Over the past decade, the traditional banking sector has faced immense pressure to ramp up efforts in innovation and user experience.

The people who will lose from the royal commission are the 'marginal' borrowers — the young, the less affluent, the less educated, the casually employed.

Australian appetite for fintech services is on the up, with non-bank contactless or card-less mobile payment solutions being used more than bank solutions.

Incoming Macquarie Bank chief executive Shemara Wikramanayake will be only the second woman to run a major Australian financial institution.

A slew of challenger banks are poised to burst onto the Australian finance scene, but who are the startups taking on the big four?

Matt Comyn has launched his career as boss of the Commonwealth Bank of Australia with a bang, effectively splitting the nation’s biggest bank in two.

Greens leader Richard Di Natale on Wednesday will put forward a radical proposal for a publicly owned “People’s Bank” to give “affordable” services and inject “real competition” into the sector.

Australia’s first startup to roll out an equity crowdfunding campaign has seen an overwhelming response, raising $500,000 in less than 24 …