Briefs: CBA supercharges rate increases, Citi’s banking licence revoked, and more 01 July 2022 5:52AM Latest news Banking Day staff Commonwealth Bank has increased fixed home loan rates for terms from one to five years by 140 basis points. read more
Briefs: NAB closes Citi deal, new FINSIA president, new x15 portfolio director, RBNZ seeks public in 02 June 2022 5:47AM Latest news Banking Day staff NAB has completed its A$1.2 billion acquisition of Citigroup’s Australian consumer business. read more
NAB coy about plans for ailing Diners Club business 07 December 2021 6:14AM Latest news George Lekakis The Diners Club charge card franchise will be acquired by National Australia Bank as part of its acquisition of Citigroup’s local domestic banking business after the parties agreed to a string of “add.. read more
Citi spotlights BNPL 05 August 2021 5:53AM Latest news George Lekakis Citi Australia is about to join the banking industry’s assault on the buy now pay later sector, with the launch of a new BNPL brand - Spot - in October. read more
Citi, Suncorp push cashbacks to regain loan momentum 29 July 2021 5:58AM Latest news John Kavanagh Macquarie and Bendigo are the fastest growing home lenders in the country, but many other mid-tier banks, such as Suncorp and Citigroup, are doing it tough. read more
NAB in talks with Citi 14 July 2021 6:00AM Latest news John Kavanagh NAB is in talks with Citigroup about acquiring Citi’s Australian consumer banking business. read more
Citi's earnings rise as mortgage book shrinks 15 April 2020 4:18PM Foreign Subsidiary Bank George Lekakis Tight cost management and lower impairment charges have helped Citigroup's Australian banking arm to regain earnings momentum. read more
Citibank clearly prices credit cards 02 September 2019 4:01PM Payments, mobile & wallets John Kavanagh Comparison site Finder.com.au reports that Citibank will increase purchase rates and cash advance rates on most of its cards from October 1. read more
Citi Australia suffers profit slide 08 May 2019 3:58PM Foreign Subsidiary Bank George Lekakis Citigroup Pty Ltd, the principal operating entity of the American banking giant in Australia, has reported a slide in full year profit after almost no loan growth and a spike in operating costs. read more
Citi funds Afterpay's US push 06 May 2019 4:00PM Payments, mobile & wallets John Kavanagh 'Buy now pay later' company Afterpay Touch has signed a US$300 million receivables funding facility with Citigroup, which will be used to support the company's expansion into the United States market. read more
Briefs: Citii refund, new dispute principles at ANZ 16 April 2019 3:41PM Briefs Banking Day staff Citigroup will refund over A$3 million to 114 retail customers for losses arising out of structured product investments it offered. read more
Big names on the line in ACCC cartel crackdown 06 June 2018 4:51PM Finance regulation George Lekakis Six senior bankers, including the former chief executives of Citigroup and Deutsche Bank in Australia, have been charged with criminal offences following a two-year investigation of ANZ's controversia.. read more
Brief: Westpac enables Samsung Pay 11 April 2017 3:27PM Payments, mobile & wallets Banking Day staff Westpac Banking Corp will enable Samsung Pay from today. read more
Falling wealth management earnings force banks to consider alternatives 19 July 2016 4:20PM NAB John Kavanagh National Australia Bank's joint venture with Nippon Life, which will see the Japanese company acquire 80 per cent of NAB's life business, is a sign of things to some in the wealth management businesse.. read more
State of play: the Australian mortgage industry 06 August 2008 5:00PM Major Banks State of Play: the Australian mortgage industryIn the August 2008 edition:- banks are taking market share from non-banks; some-non banks are also doing well; securitisation as a funding option is not.. read more