Yesterday
Simon Birmingham named chief executive of Australian Banking Association
The former senior Coalition government minister will take over from Anna Bligh, who has run the powerful lobby group for more than eight years.
This Month
Maile Carnegie exits ANZ, Matos to search for new retail boss
Suncorp Bank chief executive Bruce Rush will temporarily take over the division for the bank, while a global search is undertaken for a permanent replacement.
Singapore’s DBS Bank throws down gauntlet to ANZ
The new boss of the biggest lender in South-East Asia says Australian companies should take AirTrunk’s lead and be more ambitious about regional expansion.
Miners set for green investment boost from new classification system
New guidelines developed with Treasury will help banks and super funds reduce greenwashing by classifying economic activity based on its emissions profile.
ASIC launches inquiry into ASX over ‘serious failures’
The regulator said it had “ongoing concerns” over the bourse’s “ability to maintain stable, secure and resilient critical market infrastructure”.
Keating: ‘CBA was flying on one wing when I became Treasurer’
The Commonwealth Bank’s record-breaking share price surge compelled Paul Keating to summon the Financial Review to his Sydney office for a history lesson.
NAB’s retail boss sees opportunity in bank’s big business lending book
Ana Marinkovic was appointed to lead NAB’s personal banking division just over a year ago and has outlined a strategy that is heavy on cross-selling mortgages.
Why Afterpay could be coming to a supermarket checkout near you
Eight years after the first calls to bring BNPL under credit laws, Nick Molnar says the new regime will help it compete more aggressively with credit cards.
General insurers on notice over low-ball flood settlement offers
Consumer groups say their legal helplines are hearing appalling stories about vulnerable insurance customers forced to take lump sums to settle claims.
Westpac sued by ASIC over ‘systemic’ failures at RAMS
The corporate regulator said the lender suffered a major governance failure by not adequately supervising franchisees, who forged documents to write loans.
From mortgages to mining copper, here’s how big companies are using AI
Flood and cyclone victims are just some of the people the country’s biggest businesses are helping with the use of artificial intelligence.
May
ANZ CEO Nuno Matos on his plans for a cultural overhaul at the bank
Staff who don’t understand the fundamental importance of risk controls should find another industry to work in, he says.
‘I was very confident’: Meet Nuno Matos, ANZ’s Mr Fix It
After getting the US Justice Department off HSBC’s back, the Lisbon-born banker wants to take the smallest of Australia’s big four banks to “a different level”.
Westpac shifts climate targets and eases path for more lending to gas
The bank, which lends to Woodside Energy, will change lending rules even as it demands better energy transition plan disclosures from borrowers.
New ANZ chief makes first executive hire amid bank poaching frenzy
Nuno Matos has hired a new group executive from Santander’s senior management ranks amid “one of the busiest times for bank CEO and CFO transitions”.
Armaguard, banks pick Deloitte to create utility pricing for cash
The biggest users of cash want contracts with the Lindsay Fox company to be regulated like other essential services such as water and energy.
ANZ tech boss touts AI agents to lift bankers’ productivity
ANZ is working with Salesforce to roll out AI agents that can help bankers prepare for client meetings, says the bank’s technology chief Gerard Florian
IAG gets regulator tick to buy automobile club insurer in Queensland
The ACCC said Suncorp, Allianz, QBE, Youi, Auto & General and Hollard would compete with IAG after it buys RACQ.
Westpac readies the axe for its biggest redundancy round in years
New chief executive Anthony Miller has set big internal cost-cutting targets, with more than 1500 jobs on the line.
Westpac has already cut jobs in these key divisions
A former Westpac staff member reveals where redundancies have already been made, while the union says it is “greatly concerned” about extra cuts.