The national banking market saw major corporate shifts, including Commonwealth Bank acquiring ASB Bank, Westpac purchasing Trust Bank, and Kiwibank proposing to buy TSB Bank.

The entities involved

• Commonwealth Bank →

  Australian multinational bank

  • RBA governor Michele Bullock noted investor behavior in Australia.Tue 18:19
  • Macquarie Group, BHP Group, and Commonwealth Bank are listed on the Australian Securities Exchange.Tue 07:12
• ASB Bank →

  bank operating in New Zealand

  Nothing else this week.

• Westpac →

  Australian bank and financial-services provider

  • Kiwibank, Anz, and Westpac are major players in the New Zealand financial sector, with ANZ leading in housing finance.Tue 23:30
  • RBA rate hikes have little impact on New Zealand rates, while Kiwibank and Westpac offer fixed mortgage rates.Tue 23:30
• Kiwibank →

  company

  Nothing else this week.

Related events

• NZ First proposed buying back Bank of New Zealand and merging it with Kiwibank.Jun 18
• Commonwealth Bank holds client money in Australia, and ANZ is mentioned as a major Australian bank.Tue 03:42
• Both National Australia Bank and Westpac are currently undergoing workforce changes.Oct 22