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Banking Summit

At the Financial Review Banking Summit we will challenge the sector’s most influential leaders on how they will differentiate their businesses, where capital will be directed, and where their priorities lie.

Event Details

Banks stare down a turbulent economy

The sector has recorded growth in the face of persistent macroeconomic risks and fierce competition.

Banking Summit - Final release registration

At the Financial Review Banking Summit we’ll challenge the sector’s leaders on how they’ll cut through the current economic environment and where their priorities lie.

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NAB said no decision has been made on its next business bank boss.

Succession intrigue over next NAB business bank boss

Imagine our curiosity when the bank, recently bereft of a business banking boss after Andrew Irvine was promoted to CEO, subbed in someone new for an upcoming event.

  • Lucas Baird
Could a BoQ takeover be next?

The junior banks at the top of the big four wishlist

Could Judo Bank or Bank of Queensland be a target for National Australia Bank?

  • James Eyers and Liam Walsh
Former ACCC chairman Graeme Samuel said the watchdog’s  decision to block the merger was clearly wrong.

Banking and business lobby blast 583-day wait for ANZ’s Suncorp deal

The ACCC’s former chairman Graeme Samuel was also critical of the decision to block the deal, saying it was clear to him that it was wrong from the outset.

  • Ronald Mizen

How Macquarie helped ANZ win Suncorp

After more than 18 months, ANZ finally has its prize and can buy Suncorp’s banking division. Sorting out the winners and losers isn’t as clear-cut as it seems.

  • James Thomson

CBA’s business boss describes Macquarie as a ‘formidable’ competitor

Macquarie’s assault on major banks will force CBA to lift investment, as Mike Vacy-Lyle confirms it will target real estate agents with a new software product.

  • James Eyers
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This Month

Westpac CEO Peter King, says the economy will “remain resilient, supported by low unemployment and healthy corporate sector balance sheets.”

Westpac boss says RBA will be easing ‘within’ a year

Westpac stood back from aggressive mortgage market growth to protect its NIM over the past quarter, a similar strategy to its biggest rival, CBA.

  • James Eyers
The ACCC blocked the deal last year saying a merger would “further entrench an oligopoly”. The Australian Competition Tribunal will provide its verdict on that this Tuesday.

Everything you need to know about the ANZ/Suncorp Bank decision

On Tuesday, the Australian Competition Tribunal will decide if the $4.9 billion deal can be done. Whichever way it goes, the ramifications will be significant.

  • James Eyers and Liam Walsh
NAB’s “dream team” of chairman Phil Chronican and chief executive Ross McEwan.

McEwan’s mission almost accomplished at NAB

Although he has NAB’s banking business running smoothly, McEwan will be slightly disappointed it still doesn’t command the same share price premium as CBA.

  • Karen Maley

The challenges facing NAB’s new CEO

Ross McEwan leaves the bank confident that it is in good shape and that banking fundamentals haven’t changed. It’s now up to Andrew Irvine to prove him right.

  • Jennifer Hewett
Andrew Irvine will don the cape as National Australia Bank’s new chief executive from April 2.

New NAB boss must adopt Ross McEwan’s ‘superpower’

Andrew Irvine’s impressive performance growing NAB’s business bank won him the top job. Now he needs to borrow from the playbook of retiring CEO, Ross McEwan. 

  • Updated
  • James Thomson
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NAB’s Andrew Irvine will become the new CEO on April 2.

New era at NAB: Andrew Irvine primed to take the fight to CBA

Ross McEwan will stand down as NAB chief executive on April 2. His successor is ready to maintain the momentum.

  • Updated
  • James Eyers and Lucas Baird
Assistant Treasurer Stephen Jones has yet to sign off on the rules.

Banking regulators confirm delay of executive accountability rules

ASIC and APRA say they will delay the enforcement of key parts of the regime, which came out of the Hayne royal commission, until July.

  • James Eyers
Banks hoped Stephen Jones would release the final rules on FAR last October, to give them time to prepare.

Bank executive accountability rules delayed as minister goes slow

A key change out of the Hayne royal commission was due to begin in March, but the final rules have been waiting for sign off from the government for months.

  • James Eyers
NAB’s executive remuneration gives a 50 per cent weight to non-financial metrics, up from zero per cent, the advisory group warns.

NAB defies bank woes with $1.75b bond sale

The financing came as major European lenders warned off a deteriorating outlook, with Swiss bank Julius Baer shutting its private debt unit after losses.

  • Jonathan Shapiro

January

NAB executive Paul Riley.

NAB moves focus to young savers, insists deposit market is competitive

Deposits strategy executive Paul Riley suggests rival banks were the target of a scathing ACCC report, and his bank was transparent on pricing where others were not.

  • Lucas Baird

December 2023

Incoming Westpac chairman Steven Greg.

New Westpac chair takes the reins

He’s been the chairman of Goodman Fielder, Tabcorp and The Lottery Corporation. Now the businessman is taking on his highest-profile board position.

  • Lucas Baird
the ACCC said that a merged ANZ/Suncorp would “further entrench an oligopoly” and hurt competition.

ANZ argues plenty of competition in bid to reverse blocked deal

The bank’s lawyers told a tribunal that the ACCC made an error in blocking the deal, and changes to the lending sector had only boosted competition.

  • Lucas Baird

November 2023

Banks stare down a turbulent economy

The sector has recorded growth in the face of persistent macroeconomic risks and fierce competition.

“Never underestimate your competitor,” says NAB boss Ross McEwan

Banks wonder if the home loan margins squeeze is terminal

The bosses of the big four banks are trying to work out whether the ANZ-driven squeeze on home loan margins is temporary, or whether it’s a long-term problem.

  • Karen Maley

April 2023

ACCC chairwoman Gina Cass-Gottlieb at The Australian Financial Review Banking Summit.

ACCC flags tougher enforcement on ‘open banking’

A report on the implementation of the consumer data right has called for banks to resolve “outstanding data quality incidents as a priority”. 

  • James Eyers
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Square is fighting a short seller attack.

Block’s under fire Cash App will still come to Australia

The Afterpay owner said comments made by CFO Amrita Ahuja that Cash App would arrive in Australia hold true as it defends against a short seller attack.

  • James Eyers

March 2023

ANZ getting calls from Asian depositors

With Credit Suisse’s private bank closing and SVB’s collapse, there are plenty of deposits looking for a home in Asia.

  • Ayesha de Kretser
APRA chair John Lonsdale at The Australian Financial Review Banking Summit.

The three rules that made Australia’s banks the strongest in the world

Lenders are on edge as the market searches for weak spots after the collapse of Silicon Valley Bank. But Australian banks have taken their medicine.

  • James Eyers
The big banks have to pedal harder as mortgage profitability falls.

Why ‘uneconomic’ mortgages are forcing a rethink at the big banks

Competition has pushed returns on mortgages for the big banks below their cost of capital. Senior bankers face some tough strategic choices.

  • James Thomson
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BNPL providers promise to strengthen code of conduct

A review commissioned by the sector and undertaken by ex-ASIC deputy chairman Peter Kell found the current arrangements were too vague.

  • James Eyers