Bank Australia and Qudos Bank to merge - Banking Day
WEBThe fourth largest mutual bank in the country will be one outcome of the proposed merger of Bank Australia and Qudos Bank. Announced yesterday, “bringing Bank Australia and Qudos Bank together would create an entity supporting 300,000 customers” with assets exceeding A$20 billion and served by almost 900 employees, the two banks said.
Beyond Bank, P&N hit merger accelerator - Banking Day
WEBAny merger of Beyond Bank and Police & Nurses would create a mutual with close to $20 billion in assets, making it the fourth largest. The enlarged mutual bank will have around 450,000 members, which will be the second ranked by member numbers.
New CEO says Judo ready for diversification - Banking Day
WEBNew Judo Bank chief executive Chris Bayliss made his first public appearance in the role yesterday, announcing a couple of senior appointments and providing a broad outline of his plans for the bank’s development.
Regional Australia Bank sets profit record - Banking Day
WEBReporting an 85 per cent rise in net profit to A$32.1 million and a return on assets of 1.01 per cent over the year to June 2023, Regional Australia Bank has set a new benchmark for the mutual banking sector.
Cash rescues retailers from protracted ANZ Worldline outage
WEBThousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by the ANZ Worldline joint venture.
Westpac shuts the door on RAMS - Banking Day
WEBAug 9, 2024 · Westpac’s RAMS brand has ceased taking applications for new home finance. Local RAMS Home Loan Centres will also soon close, RAMS informed clients earlier this week.
Illawarra CU and Community First Bank to merge - Banking Day
WEBCommunity First Bank and Illawarra Credit Union are planning to merge, the boards of both ADIs informed their members yesterday. The merged entity will have almost 80,000 members and customers, and combined assets of approximately $2.5 billion.
Bank of China posts record Australian profit - bankingday.com
WEBThe Bank of China continued to widen its presence in the Australian banking market in 2022 by deepening its ties with mortgage brokers such as AFG and Choice.
Banking Day
WEB2 days ago · 10 October 2024 6:24AM; Of a 15-member banking syndicate, 13 have ruled out further finance to Vales Point B because of ESG.. read more
Banking Day
WEBWestpac’s profit will fall in FY2024, slump in 2025 and plateau in 2026, a harsh report on the bank by analysts Matthew Wilson and Christian Mazza from Jefferies concludes.