AustraliaBanking

Australia's Financial Regulator Imposes $1 Billion Capital Add-On on ANZ Bank

2 months ago

In a substantial move aimed at bolstering financial stability, Australia's prudential regulator has announced that it will mandate a capital add-on for Australia and New Zealand Banking Group (ANZ). The requirement, set at a formidable $1 billion, is part of broader efforts to ensure that banks maintain adequate capital reserves in response to evolving market conditions and potential economic risks.

Australia's Leading Bank Supports Move to Eliminate Card Payment Fees

4 months ago

Australia's largest banking institution has officially endorsed the proposal to abolish transaction fees for card payments, a move that could significantly impact both consumers and merchants across the nation. This progressive shift is being perceived as a critical step towards promoting more accessible and efficient payment methods in the contemporary digital marketplace.