The bank's commitment to climate solutions remains intact despite a slowdown in the selling of green assets hitting its full-year result.
Andrew Cornell
Associate editor, banking and finance
Andrew is a multi-award winning journalist, including a Walkley for analysis of the global financial crisis, and was founding managing editor of ANZ bluenotes, Australia's first corporate newsroom. He is a former associate editor and north Asia bureau chief for The Australian Financial Review and author of several books on business and Japan.
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The bank delivered a solid half-year result a tad below consensus and emphasised continuity and discipline would be its hallmark under new CEO Andrew Irvine.
Travellers who used the real-time PayTo service will hope the troubled airline can manage refunds because, unlike with credit or debit cards, they can't fall back on a bank.
Most of the big four banks will actually be financing more CO2 emissions in 2030 than they do today courtesy of loopholes in their fossil fuel exclusion policies.
It's rare to hear calls for more regulation and rarer for it to come from challengers to an industry. But both smaller banks and crypto traders want to hear more from the regulators.
Further consultation on digital asset platform regulation, which includes crypto, is adding to growing concern over investor uncertainty.
This year marks a changing of the guard at the very top of some of Australia's biggest banks. Could CBA's Matt Comyn be the next to move on — and possibly seek a more lucrative role overseas?
2024 is the year of succession for Australia's major banks. The one exception is CBA, where Matt Comyn is well-settled — but there are hints he too may be looking further afield.
Delays to long awaited crypto regulation have sparked concerns Australia is falling behind other countries as major banks such as NAB pull back from activities in the sector.
As traditional financial institutions pull back from earlier VC-type models, Visa, Mastercard and many banks are sharpening their fintech investment programs.
Digital wallets are a hot front for competition and legal action. Mastercard is the latest issuer to fire a shot, announcing an upgraded online payment product it says will tackle about 90% of payment card fraud.
The big four bank today unveiled ambitious — and costly — plans for a long-awaited tech overhaul. The market wasn't that impressed.
Have Australian banks become too risk averse? The push to make the country's banking system safer may have actually increased the risk in the broader financial system.
From near death to high-staff turnover to creating billionaires, Airwallex is one of the highest-profile fintechs in the market. Now it's sponsoring an F1 team. And making no excuses for its culture.
NAB's acquisition of Citi's Australia consumer banking portfolio has doubled its credit card market share at a time when competition from BNPL and Amex is rising and stress in the economy builds.
In a historic move, the Bank of Japan today finally ended its negative interest rates policy. The RBA, meanwhile, kept rates on hold — and isn't expected to make its own move for many months yet.
From startups to sustainable energy plays, the new economy is crying out for capital. Where are the banks?
Depending on who you talk to, open banking in Australia is on the point of acceleration or the pause in its rollout is a welcome chance to improve data quality.
The big four bank has a crisis CEO and a cyberpunk tech platform. Both are going to change, its chair Steven Gregg has been telling investors and analysts.
Over the last six months, ANZ, CBA and NAB have all pulled back in various ways from Asia. But in the case of ANZ - and Macquarie - it’s less a story of retreat from the region than of expansion.
The Nikkei 225 recently surpassed its three-decade high and there are long-awaited signs of sustained inflation — but is Japan's resurgence sustainable?
Changes in the attitudes of lenders — and borrowers — were already driving down insolvencies before the pandemic hit.
As the Albanese government pushes for closer business ties with Southeast Asia, there are lessons to be learned from Australian banks' efforts to expand in the region.
A major professional accounting body insists cuts to its compliance team, amid the fallout from the PwC scandal, won’t have a material impact.
Driven by younger consumers, lower fees and debt aversion, debit cards have grown strongly for two decades, largely at the expense of traditional credit cards. But the shift seems to have halted.
Bank M&A, a notorious destroyer of shareholder value, is again in focus due to the ANZ-Suncorp transaction. So how has the last big deal in the sector panned out?
Commonwealth Bank bought into BNPL at the height of its run before starting its own brand. Now its stake in Klarna may deliver it $1.7 billion.
The introduction of the Consumer Data Right three years ago aimed to give consumers power over their data and help negotiate better banking and energy deals. Is momentum finally building?
The world's biggest investors like Warren Buffett know they have to make big bets to move the needle. But what to do when investment opportunities at that scale are few and far between?
While buy now, pay later and debit cards have dominated headlines, venerable American Express has been quietly growing its market share and lending.
Reaction to the approval of ANZ's deal to buy Suncorp has been polarised with the market split between short and long term gratification (or disappointment).
ANZ's win today before the Australian Competition Tribunal looked like a washout for the ACCC in its theories of competitive harm, but in some ways, the regulator couldn't lose.
ANZ had two chances to overturn an ACCC rejection of its bid for Suncorp Bank. It only needed one, with the Competition Tribunal waving the bid through.
ANZ will finally know tomorrow whether it will be allowed to buy Suncorp's bank. Bendigo and Adelaide Bank will be among those watching closely.
She may be a MAFS fan but AMP is keeping all its vows to investors and is ready for the next stage of its recovery, with no blow ups in sight, according to its CEO.
Commonwealth Bank's share price took a hit today after disappointing half-year results, and some analysts think it's still too high — but CEO Matt Comyn says the bank's scale gives it an enduring competitive advantage.
ANZ and Macquarie provided little new on bank earnings but all eyes will be on Commonwealth Bank for any slips in its high-wire act.
NAB's new CEO runs its business bank. His biggest rival is at Commonwealth Bank. So what is CBA thinking? And why doesn't that include lending to startups?
The banks have been quick to increase mortgage rates. But when the RBA starts cutting, will they be as fast to do the same?