australian Archives - Global Banking Monitor

Australian Bank Threatens Reduced Bonuses Unless Staff Return to Office

One of Australia’s largest banks has warned its staff that they could be paid lower bonuses unless they spend half of their work hours...

Australian Government Pushes for More Reforms to Boost Wages and Close Loopholes

Australia plans to reform its workplace-relations laws in a bid to remove structural impediments that stymie wage growth. The reforms include closing a loophole that...

Low Unemployment Rate Supports Australian Banks in Home Loan Market

The CEOs of Australia's two biggest banks said on Thursday a tight labour market was keeping late home loan repayments below historic levels even...

Australian Jobs Report Surpasses Expectations, Fueling Speculation of Rate Hike

Australian employment smashed expectations in May and unemployment surprisingly declined, bolstering the case for the Reserve Bank to raise interest rates further to counter...

Australian Bank Forecasts 50% Probability of Recession in the Country This Year

The Commonwealth Bank of Australia (CBA) on Friday downgraded its economic forecasts following a recent cash rate increase, saying the country has a 50...

Australian Central Bank Cautions About Inflation Risks, Predicts Challenges for Households

The head of Australia’s central bank on Wednesday pledged to do whatever is necessary to bring inflation back to target, warning that risks to...

Australian Banks Accused of Hypocrisy as Analysis Shows Billions Lent to Fossil Fuel Projects Despite Professed Commitment to Emissions Reductions

Australia’s big banks have loaned more than $13bn for fossil fuel projects over the past two years even as they publicly advocate for emissions...

Australian Banks Introduce Cutting-Edge Scam-Busting Tool for Enhanced Financial Security

Falling victim to fraud may soon be a thing of the past as Australian banks join forces to create a new multi-million dollar tool...

Australian Consumer Confidence Plummets to Lowest Point Since April 2020, Reports Indicate

A new report released on Tuesday confirmed that the Australian consumer confidence index decreased by 1.8 points to 75.9 over the week ending on...

Australian PM Deems Recent Inflation Figures ‘Pleasing’ Despite Cost of Living Pressures

Prime Minister Anthony Albanese said on Saturday he was pleased to see inflation retreating in Australia, but cautioned that cost of living pressures remained...

Australian February Inflation Slows to 8-Month Low, Reinforcing Case for Rate Pause

Australian inflation slowed to an eight-month low in February, due in part to a sharp retreat in prices for holiday travel and accommodation, bolstering...

Australian regulator grants interim authorisation to Qantas-Jetstar coordination

March 3 (Reuters) - Australia's competition regulator on Friday granted interim authorisation to Qantas Airways QAN.AX and its budget arm Jetstar Airways for a...

Australian Market Modestly Higher

(RTTNews) - The Australian stock market is modestly higher on Thursday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving...

Australian shares on track to open higher; NZ closed

Jan 3 (Reuters) - Australian shares were set to open higher on Tuesday, its first day of trade in 2023, as higher commodity prices...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

Tag: australian