Apple Pay helps banks sell mortgages, deposits: ANZ
ANZ Bank chief Shayne Elliott insists the bank's strategy of breaking ranks with rivals and doing a deal with Apple Pay is helping the lender's business.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
ANZ Bank chief Shayne Elliott insists the bank's strategy of breaking ranks with rivals and doing a deal with Apple Pay is helping the lender's business.
The high-rise construction boom that is transforming the skylines of Sydney, Melbourne and Brisbane will probably leave parts of these cities with too many apartments, ANZ Bank chief executive Shayne Elliott predicts.
Bank of Queensland chairman Roger Davis has highlighted the risks from a looming surge in apartment settlements Brisbane and Melbourne, amid signs more buyers are facing difficulties completing off-the-plan purchases.
The competition watchdog has knocked back a request from three of the country's major banks to launch a collective boycott of Apple Pay, in what it says is a "finely balanced" draft decision.
For all the criticism heaped on banks, most customers are notoriously reluctant to vote with their feet, and the industry knows this all too well.
Corporate cop Greg Medcraft says the government's banking inquiry is right to focus on ways to make banks share more data on their customers, a move that would boost competition in the concentrated sector.
Australia's major banks must review whether staff have been setting up accounts customers did not want in order to hit sales targets, after the cross-selling scandal engulfing United States lender Wells Fargo.
ANZ Bank and Macquarie Group have admitted their traders tried to rig contracts in Malaysia's foreign exchange markets.
Westpac-owned RAMS is hiking fixed interest rates by up to 0.4 percentage points, the latest lender to respond to growing market bets that official rates have bottomed.
Identity theft is the fastest-growing type of fraud and a growing source of losses for banks as cyber criminals target the vast array of personal information held online, a new report warns.
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