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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Australian banks now find themselves at the centre of the data revolution that puts consumers in charge - Business Insider Australia

... puts consumers in chargeBusiness Insider AustraliaThe recent release by Treasurer Scott Morrison of the long-awaited Farrell report into open banking along with draft legislation marks a crucially important moment for the Australian economy and our international competitiveness. Open data, and in ......

 

NAB job cuts: 1000 staff to go as bank swings axe in first step towards 6000 job cuts - Herald Sun

... 6000 job cutsHerald SunMany of the jobs will come from middle management, the Herald Sun believes, as the lender moves to tackle the realities of banking in the online world. When he announced the job cuts, Mr Thorburn said 2000 new roles would also be created over three ...NAB set to axe first 1000 jobs under cost-cutting planThe Sydney Morning HeraldNAB s...

 

Bashed-up bank stocks find friends among those with longer-term view - The Australian

... with longer-term viewThe AustralianBut more recently Australian banks have consistently underperformed. They did not keep up with the broader market last year or in the opening weeks of this year. As a matter of fact, bank shares have underperformed since late 2012, the occasional ...

 

FactCheck: do bank profits 'belong to everyday Australians'? - The Conversation AU

... Conversation AUThe Australian Banking Association says 'nearly 80% of bank profits go straight back to shareholders', the majority of whom are 'everyday Australians'. Is that right?and more »...

 

Salim Mehajer says media 'bullied' him before he allegedly assaulted journalist - The Guardian

... he allegedly assaulted journalistThe GuardianSalim Mehajer, the former deputy mayor of Auburn, has pleaded not guilty to assaulting Seven journalist Laura Banks. Photograph: Dan Himbrechts/AAP. Salim Mehajer, the former deputy mayor of the Sydney suburb of Auburn, claims a media pack...

 

Banking royal commission: be thankful our banks were better than ... - The Sydney Morning Herald

... Sydney Morning HeraldBanking royal commission: be thankful ou...

 

 

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