News Topic: Australia
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Commonwealth Bank of Australia developing tech for open banking
Australia’s largest credit union to rebrand as a bank
The decision comes after a decade in which several U.S.-based institutions elected to drop the words "credit union" from their branding. ... Read full article
U.S. announces takedown of $530 million cyberfraud network
The U.S. charged 36 people in a takedown of an international cybercrime ring that prosecutors say used the slogan “In Fraud We Trust” and stole $530 million with the help of pilfered identities and malware. ... Read full article
Money-laundering scandal hurts all banks: Aussie lobby chief
The Commonwealth Bank of Australia money-laundering scandal has damaged the public's perception of the whole banking sector, according to the head of the industry's lobby group. ... Read full article