Page 2 - Tim Dring News Today

Aussie banks are expected to persist with their simplification and digitisation strategies in 2022. According to Tim Dring, EY Oceania banking and capital markets leader, Australian banks will need

Surplus capital of $30b stokes bank buyback expectations Share Australian banks will hold about $30 billion in excess capital by the time CBA delivers a trading update next week, stoking anticipation about the size and timing of future buybacks. A year on from the coronavirus crisis, the massive capital buffers built up through a combination of organic capital generation and dividend cuts has left the banks with a honeypot from which they can reward shareholders and improve return on equity. Th...

Banking’s once-in-a-generation reset The pandemic allowed the banks to reset their reputation, capital positions and cost base, and created a surge in demand. But COVID-19 also leaves a big problem. Updated Save Share They will never say it out loud, but COVID-19 may have been the best thing to happen to the banks in at least a decade. Australia’s impressive pandemic response – both in terms of health outcomes and economic management – spared the banks from a bad debt tsunami. But more...

Banks go ‘hyper-personal’ as digital revolution takes off We’re sorry, this service is currently unavailable. Please try again later. Dismiss February 9, 2021 — 10.52pm Save Normal text size Advertisement Cooped up in their homes for large chunks of the last year, Australians embraced banking on smartphones, while slashing their use of cash, branches and ATMs. On its own those shifts may not be hugely surprising. However, as the economy approaches something more “normal...

Neobanks’ challenges in taking on big four laid bare by COVID-19 We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement There’s no doubt Australia’s big banks face real competitive threats, as technological change sweeps the financial world and new rivals eye the industry’s high profits. But are “neobanks” with their own banking licences likely to fundamentally disrupt the nation’s financial...