Commonwealth Bank of Australia

The latest executive raid in Australian banking is part of an intensifying global battle to attract the best AI talent.

Commonwealth Bank CEO Matt Comyn's success in building a strong team inevitably means they will be targeted by rivals, given only one can eventually become chief executive.

Westpac has poached CBA's Andrew McMullan to become its new chief data, digital and AI officer, as CEO Anthony Miller reshapes the bank’s top ranks with rival talent.

Politics keeps banks tied to branch networks, but consultants Kearney argue they could do far more to offset costs and boost mortgage sales.

The massive wave of post-Hayne remediation may be complete, but banks continue to grapple with new issues — costing valuable time and hundreds of millions of dollars.

Long-term bank investors seem untroubled by scandals in the industry, whether it be royal commissions, money laundering, management ructions or regulatory penalties.

ANZ announced today that incoming CEO Nuno Matos will start early. He joins at a critical stage for tech transformation in banking, with Westpac and CBA both accelerating their own projects.

The recent flurry of management changes at Australia's big banks feeds into the regulator's desire to have more oversight of board and executive appointments and succession planning.

As the push to harness generative AI continues, Australian banks are turning to AI agents to amplify its benefits — though not all are moving at the same pace.

Australia's biggest banks are increasingly looking outside their own walls to fill the most senior roles. That's not how it's supposed to work.

Westpac has poached National Australia Bank's CFO, triggering a wave of executive changes at a time when NAB is under pressure in business banking.

Commonwealth Bank's deal with Anthropic is the latest example of how long-held promises of deep corporate adoption of AI are finally starting to come together.

For more than three decades, NAB has been Australia’s leading business bank. Now, market goliath and retail banking leader CBA is closing in.

CBA has embraced generative and agentic AI to boost efficiency, enhance customer service and cut costs — accelerated by a faster-than-expected shift to the cloud.

The Xccelerate competition will invite corporates to help fintechs and startups find partnership pathways with major enterprises.

New CEO Richard Fennell says Bendigo and Adelaide Bank doesn’t need to be like market leader CBA or the rest of the Big Four, but today's share price plunge suggests investors have their doubts.

CEO Matt Comyn told Capital Brief the dominant lender still has plenty of room for improvement. And he plans to stick around to make it happen.

Sources told Capital Brief the new arrangements, which were negotiated under tight non-disclosure agreements, would lead to about a 30% increase in costs for lenders.

Banks have largely driven the boom in private credit by pulling out of higher risk lending. Macquarie, however, is expanding its bet with highly structured lending to its clients.

If HSBC decides to sell its Australian retail business it would offer a high-quality, clean book — just not one to attract a big premium.

Generative AI promises new services, better advice, more efficient compliance and cleaner coding, but for banks one of its most effective uses is in renovating the oldest tech.

Incoming ANZ chief executive Nuno Matos isn't the only winner from Shayne Elliott's departure. CBA is now the only Big Four bank not to change CEOs this year — and investors have taken notice.

External CEO appointments typically reflect a board wanting change. ANZ chair says that's not the case with Shayne Elliott's replacement, Nuno Matos.

In the latest of multiple reviews of payments and surcharging in Australia, industry seems to have only one view in common: it's a mess.

In the next few years, CBA is aiming for generative AI to be at the heart of its key banking app and core systems, as it embeds the technology across the bank.

The bank is close to launching a major project involving tokenisation of superannuation payments.