Financial services and fintech investment surged in 2019, but the onset of Covid-19 led to a drop-off in projects in 2020.
Asia-Pacific
Latest articles from Australia
Rebounding economy boosts scaled-down Australian banks
June 7, 2021The country’s leading banks have endured a tricky period following a series of misconduct cases.
Western banks brace for loan loss surge
October 19, 2020Write-offs at big banks in the UK, the US and Australia are expected to rise as government stimulus expires, according to Moody’s.
Australian Senate sets out controversial plans to boost fintech sector
September 11, 2020Recommendations seek to take advantage of Hong Kong’s decline as a financial centre.
Australian central banker focuses on the home front
January 11, 2019Guy Debelle, deputy governor of the Reserve Bank of Australia, talks to Kimberley Long about the Australian property market and the growing strength of Asian banks in the country.
Australian banking faces Royal Commission watershed
January 2, 2019Australia’s Royal Commission has brought out into the open a decade’s worth of misconduct in the country’s banking sector. As the industry faces geopolitical pressures and the emergence of challenger banks, Australian banking is set for an overhaul. Kimberley Long reports.
Crunch time for Australia's banks
January 1, 2019After a damning report from the Royal Commission, Australian banks must overhaul how they operate or face losing share to challenger banks and Asian rivals.
Housing dominates Australian loan books
February 26, 2016
As banks struggle worldwide, Australian lenders seem a mainstay of stability but they depend heavily on the housing sector.
TPP to benefit a third of global economy
October 12, 2015
Signatories hope the landmark trade deal will bolster trade worldwide after a tepid recovery from the crisis.
The top five banks in Australia
June 1, 2015
As the era of crisis-defying returns seems to be coming to a close for Australia’s banks, The Banker ranks the top five institutions in the country by Tier 1 capital.
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