Banks in Australia

Banks and Saving banks in Australia



Australia has international reputation and it is considered to be amongst the top 5 banking systems in the world. There are four major banks dominating the sector: Australia & New Zealand Banking Group, National Australia Bank, Commonwealth Bank of Australia and Wespac Banking Corporation, and there are also many regional banks as well as European, USA and Asian investment banks. Banking is regulated by the APRA (Australian Prudential Regulation Authority) which is reponsible of the correct regulation of banks and all kind of insurers and societies, because in Australia you can also find non-bank financial intitutions and those need to be regulated.

 

Those mentioned four banks cannot merge between them because of a policy adopted by the governement and critizised by others on the basis that the rule goes against Australia's best interests; but the fact is that those four banks are now amongst the top 15 banks in the world.

 

People can choose between the “big four” or smaller, regional banks such as Bankwest, Bank of Queensland or Adelaide Bank.

 

Foreign banks must have a special authorisation to operate in Australia, and there are many subsidiary banks operating -HSBC Bank Australia, for example-, but most of them have presence in the merchant banking sector.

Showing 3 Banks in Australia


Deutsche Capital Holdings Bank

Banorte

Adexec

News related with Australia Banks


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NAB chief tells inquiry banks started 'drifting' from customers 20 years ago - The Guardian

... tells inquiry banks started 'drifting' from customers 20 years agoThe GuardianThe National Australia Bank chief executive...

 

Demand for risk and compliance workers is surging because of Australia's Banking Royal Commission - Business Insider Australia

... Australia's Banking Royal CommissionBusiness Insider AustraliaEven before the final report is delivered in early next year, Australia's Banking Royal Commission has already left its mark. Bank share prices have been walloped, falling to the lowest levels since early 2013, wh...

 

Banks and Australian Super turn the screws on property investors as markets slow - The Australian Financial Review

... Australian Financial ReviewBanks and Australian Super tu...

 

300 staff sacked or left Aussie bank over wrongdoing - The Straits Times

... staff sacked or left Aussie bank over wrongdoingThe Straits TimesSYDNEY • About 300 staff of National Australia Bank (NAB) have bee...

 

'Dodgy Dollarmites': How Australia's biggest bank snares schoolkids - The New Daily

... been running in Australian primary schools for nearly 90 years, but consumer advocates say the Commonwealth Bank's Dollarmites saving program is marketing masquerading as financial literacy. And they want it gone. Corporate watchdog ASIC this ......

 

Why are investment banks nervous about Australia's cartel case? - Reuters

... KONG (Reuters) - Investment bankers are bracing for the start of a landmark legal case about alleged cartel activity in Australia's financial sector, nervous the proceedings could lead to increased scrutiny and tougher measures from ...and more »...

 

 

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