Latest articles from Australia

Digital yuan

Digital yuan development provokes Australian response

October 24, 2022

As China develops its digital currency, Australia tables a bill that aims to set an example for the region in monitoring and reporting requirements.

Australian dollars

Australia to benefit from real-time payments

September 29, 2022

Consumers now have access to real-time payments through the PayTo system, with business access to follow, generating a host of advantages.

Pandemic slows financial services FDI into Australia

November 3, 2021

Financial services and fintech investment surged in 2019, but the onset of Covid-19 led to a drop-off in projects in 2020.  

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Rebounding economy boosts scaled-down Australian banks

June 7, 2021

The country’s leading banks have endured a tricky period following a series of misconduct cases.

aussie banks profits
loan losses

Western banks brace for loan loss surge

October 19, 2020

Write-offs at big banks in the UK, the US and Australia are expected to rise as government stimulus expires, according to Moody’s.

Australia senate

Australian Senate sets out controversial plans to boost fintech sector

September 11, 2020

Recommendations seek to take advantage of Hong Kong’s decline as a financial centre.

Guy Debelle teaser

Australian central banker focuses on the home front

January 11, 2019

Guy 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.

Autralia banks teaser

Australian banking faces Royal Commission watershed

January 2, 2019

Australia’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, 2019

After 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
teaser

As banks struggle worldwide, Australian lenders seem a mainstay of stability but they depend heavily on the housing sector.

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