AMP will be launching a digital bank division built specifically “for the transaction needs of sole traders and small business.” AMP will work with Engine by Starling, the SaaS subsidiary of UK ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The acquisition continues to support the growth of AMP Bank while ...

(Reuters) -Australia’s AMP Ltd will sell unit AMP Capital’s international infrastructure equity business for up to A$699 million ($497.83 million) to U.S.-based DigitalBridge, leaving the wealth ...

Aug 11 (Reuters) - Australian wealth manager AMP Ltd AMP.AX said on Thursday its half-year profit fell by nearly a quarter as margin pressure weighed on the performance of its banking division. Net ...

AMP remains in good financial health. AMP Bank has a common equity Tier 1 ratio of 10.4% as of June 30, 2023. Another positive is the increase in the bank’s deposit/loan ratio to 88%, from 63% in 2015 ...

Oct 10 (Reuters) - Beleaguered Australian wealth manager AMP Ltd AMP.AX said on Thursday it will merge its banking and Australian wealth management business units into a new entity to be named AMP ...

Don't miss out on the headlines from Banking. Followed categories will be added to My News. Banking royal commissioner Kenneth Hayne QC has been told he could make a series of misconduct findings ...

An Australian bank is going “old school” and looking to offer customers a banking product that it said had disappeared. In the past high interest savings accounts were known as a way to offer ...

(Reuters) -Australian money manager AMP posted higher half-year earnings, citing strong net cashflows in its wealth platform and margin improvement in its banking unit, but fell short of market ...

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened, due to proactive regulatory ...

The news that Francesco de Ferrari is to leave his role as head of Asia-Pacific private banking at Credit Suisse to take on the CEO job at troubled Australian wealth manager AMP has taken the industry ...