ING Bank (Australia) (Trading As ING Direct)

• John Kavanagh

Climate advocacy groups and investors have stepped up their use of litigation to try and speed up the move to net zero and, while energy and resource companies and government bodies are the main targe.. read more

• John Kavanagh

ING Australia regained momentum in the home loan market last year but is struggling to make headway with its push into the business banking market. read more

• George Lekakis

Australian businesses are continuing to flee ING Bank after tolerating years of uncompetitive rates on savings and term deposit accounts. read more

• John Kavanagh

A number of banks’ customer satisfaction ratings rose over the past 12 months, despite rising loan interest rates and some tardiness in passing on deposit rate increases. read more

• John Kavanagh

ING Bank Australia has cut its fixed home loan rates and is now offering the lowest four and five-year rates on the Canstar database. read more

• John Kavanagh

ING Bank Australia suffered significant setbacks in 2022, with two regulators calling out compliance failings and a fall in the value of its home loan book in the second half of the year. read more

• Ian Rogers

A headline savings rate beginning with a 5 is now a feature of the normalising of interest rates in Australia, thanks to some (restrained) price leadership from ING. read more

• John Kavanagh

Anti-money laundering watchdog AUSTRAC reported yesterday that ING Bank Australia is not fully compliant with the rules of the Anti-Money Laundering and Counter-Terrorism Financing Act and needs to ta.. read more

ANZ has completed a A$3.5 billion equity capital raising, which it will use to acquire Suncorp’s banking business. read more

• John Kavanagh

Depositors missed out on substantial rate increases in May, when the Reserve Bank raised the cash rate 25 basis points, but this month’s 50 bps hike is prompting a more generous response from deposit.. read more

• John Kavanagh

ING Bank has been knocked off its perch as the bank with the most satisfied home loan customers, after a big drop in its satisfaction rating over the past year. read more

• John Kavanagh

ING Bank (Australia) signed up 47,000 new customers in 2021, taking its active account numbers to more than two million, but it was not able to translate that increase into meaningful growth in lendin.. read more

• Banking Day staff

Ashurst has added to its financial regulation practice with the appointment of Narelle Smythe as a partner in Sydney. read more

• Banking Day staff

A week after announcing the appointment of a new chief executive, the MyState Ltd board has announced a new chair. read more

• George Lekakis

Lower interest costs and market share gains in corporate lending helped to stem earnings runoff at ING Bank Australia last year, according to financial accounts lodged with corporate regulators. read more

• John Kavanagh

ING Australia has added 11 basis points to the interest rate on owner occupier mortgages with loan-to-valuation ratios above 90 per cent. read more

• George Lekakis

ING Bank has announced it will loosen its underwriting rules for owner occupier and investment home loans as part of a renewed push for market share. read more

• John Kavanagh

ING Bank Australia’s head of retail banking for the past three years, Melanie Evans, has been appointed to the top job at the bank. read more

• Banking Day staff

ING Australia has appointed Patrick Roesnik as its chief risk officer. read more

• George Lekakis

Westpac and ING have become the first Australian banks to verify the identity of new customers using digital video technology. read more