Aussie banks denied interim approval to jointly negotiate with Apple
Sydney
AUSTRALIA'S anti-trust regulator on Friday said it would not grant the country's three biggest banks interim approval to collectively negotiate with Apple Inc to install their own electronic payments applications on iPhones.
Australia's three biggest banks, including the No 1 lender National Australia Bank (NAB), last month lodged a joint application seeking permission to negotiate as a bloc from the Australian Competition and Consumer Commission (ACCC).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share
Manulife profit beats on growth in Asia, wealth management
Hot stock: UOI surges to over 6-month high amid heavy trading
OCBC’s Q1 profit up 5% to S$1.98 billion; CEO confident about 2024
Europe’s rush for rate cuts shifts global market power away from US
A$90 billion Australia pension reviews investments as Israel-linked firms face pressure