Qudos and Bank Australia to proceed with merger 17 May 2024 6:25AM Latest news Bank Australia and Qudos Bank have agreed to continue to explore a proposed merger and seek regulatory approval to merge, before asking members to vote in 2025. read more
HQ sale recapitalises Geelong Bank 17 May 2024 6:23AM Latest news Ian Rogers The upcoming sale of its headquarters building will provide a much needed capital injection for Geelong Bank. read more
Big banks and brokers the best of frenemies 09 May 2024 12:58AM Latest news John Kavanagh Banks are looking for ways to preserve margins in their home loan businesses and one area where they are taking a harder look is their relationships with brokers. read more
Private debt funds are flavour of the month 09 May 2024 12:47AM Latest news John Kavanagh AMP is committing $300 million in seed funding to its Alternative Debt Fund. read more
Bank branch closure inquiry wraps 17 April 2024 3:16AM Latest news Ian Rogers A bank branch (mainly NAB’s) closed in regional Australia every 5 days since a Senate inquiry into bank closures in regional Australia was announced early last year. read more
Briefs: NAB partners with CrowdStrike, Scotpac gets into payroll, Zip sheds customers, Suncorp hybri 17 April 2024 3:01AM Latest news John Kavanagh NAB has formed a partnership with cyber security company CrowdStrike and is offering its SME customers a year’s free access to the CrowdStrike Falcon Go service. read more
Deposit mix key to banks managing rate cuts 16 April 2024 4:59AM Latest news John Kavanagh Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more
Long build for AMP SME bank 15 April 2024 7:01AM Latest news Ian Rogers AMP will take until early 2025 to roll out AMP Bank’s new digital small business proposition. read more
AMP Bank lending collapses 05 April 2024 8:19AM Latest news John Kavanagh After putting the brakes on home loan origination in the second half of last year, in response to margin pressure, AMP Bank is now suffering a big runoff in its mortgage book. read more
Climate litigation heats up 15 March 2024 5:04AM Latest news John Kavanagh Climate advocacy groups and investors have stepped up their use of litigation to try and speed up the move to net zero and, while energy and resource companies and government bodies are the main targe.. read more
Lindsay Fox a kingpin of banking 14 March 2024 3:16AM Latest news Ian Rogers The banking industry have been played for fools, disoriented into yielding to the clever, costly plans of Lindsay Fox and Linfox Armaguard. read more
Armaguard convinces banks on price support 14 March 2024 3:13AM Latest news Ian Rogers Why not pay more if you want to? This is the both sensible and silly retort of banks at the very moment they are being outfoxed from every angle. Paying more turns out to cost more than $100 million... read more
ING back in the mortgage game 13 March 2024 5:18AM Latest news John Kavanagh ING Australia regained momentum in the home loan market last year but is struggling to make headway with its push into the business banking market. read more
Great Southern debuts business app, unsecured loans 12 March 2024 5:09AM Latest news Ian Rogers Investing in its business and, as usual, allowing costs to get away from it, Great Southern Bank has reported a lower profit over the half year to December 2023. read more
People First 'a national bank' 11 March 2024 3:38AM Latest news Ian Rogers “There’s no reason we can’t be Australia’s first member-owned bank to have a million members,” People First Bank believes. read more
Briefs: Westpac moves audit account, PEXA management restructure, new MoneyMe CFO 11 March 2024 3:24AM Latest news Banking Day staff Westpac has moved its audit business from PwC, its auditor of 50 years, to KPMG. read more
Moody's downgrades Bendigo and BOQ, upgrades two banks 07 March 2024 5:54AM Latest news Ian Rogers The application of Moody’s revised Advanced Loss Given Failure analysis to certain Australian banks yesterday has led to a shake-up of credit ratings for four banks, including two downgrades for regio.. read more
Defence Bank CEO joins Ultradata 07 March 2024 5:52AM Latest news Ian Rogers David Marshall, chief executive of Defence Bank, has left to lead Ultradata as its CEO. read more
Islamic Bank Australia hands back RADI 06 March 2024 4:19AM Latest news Ian Rogers Islamic Bank Australia surrendered its restricted banking licence to APRA last Friday. That’s three voluntary exits by neobanks. There are bound to be more. read more
Tired Suncorp Bank easy meat for ANZ 06 March 2024 4:01AM Latest news Ian Rogers The barely challenged lack of competitiveness or even relevance of Suncorp Bank is the dark heart underlying the full decision of the Australian Competition Tribunal to grant authorisation for ANZ to.. read more