Industry funds lead revolt against bank bonuses

Australian Super, which has $8 billion invested in the big four banks and Macquarie, is likely to vote against the remuneration reports of Westpac, NAB and ANZ, but is yet to make a final decision.


Stanbic IBTC inaugurates Africa-China Banking centre

The opening of the centre was another significant step towards improving ease of doing business between Nigeria and China, coming after the signing of the bilateral currency swap agreement between the two countries earlier in the year.


Joint Acquisition of PEXA

The Transaction aligns with CBA’s strategy to focus on its core banking businesses and to create a simpler, better bank for our customers.


OCBC profits jumped 12% to $1.25b in Q3

OCBC also revealed that their operating expenses climed 7% YoY to $1.07b amidst increase in staff costs associated with annual base salary increments and a rise in expenses linked to business volume growth.


NAB signals more bad advice remediation

NAB is still undertaking a bank-wide investigation to determine if customers who paid financial advice fees relating to ongoing service arrangements did in fact receive the agreed services, such as an annual review.