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.
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. The protracted outage began at around 8.30 in the morning and disabled retailers’ terminals for up to eight hours.
Banking Day
WEBEmailing you the news at 7am. Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more. Original news and summaries of major stories from other media – ditch your newspaper subscriptions. Focused on banking and finance, saving you the time spent wading through newspapers and other services.
Bank of China posts record Australian profit - bankingday.com
WEBThe bank’s APRA regulated subsidiary – Bank of China Australia Limited (BOCAL) – posted a record net profit of A$37.3 million over the 12 months to the end of December on the back of solid loan and deposit growth. BOCAL remains one of Australia’s fastest-growing retail banks, although its deposit growth slowed in 2022 amid intense price ...
Banking Day
WEB2 days ago · For Aussie infrastructure, BAM’s a wrap. 24 September 2024 6:34AM. Ian Rogers. Build America Mutual is resurrecting bond insurance in the Australia and New Zealand debt capital ma.. read more. 7am daily. News and …
Regional Australia Bank sets profit record - Banking Day
WEBRegional Australia Bank sets profit record. Reporting 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. Banking Day does not have all the data, but it seems fair to suggest this could be the best ...
ANZ settles class action - Banking Day
WEBANZ will pay A$57.5 million as part of the settlement of a class action brought against it in 2021 over interest charges on credit cards. Acting for the representative applicant, law firm Phi Finney McDonald claimed that between 2010 and 2018 the bank charged interest retrospectively on credit card accounts that previously had an interest free period.
Banking Day
WEBDeposit takers continued to trim longer-term term deposit rates in September and a few cut the introductory rates on their at-call accounts. The top TD rates for terms of two years or more have come down by around 10 basis points over the past couple of months.
‘Rips your heart out’ – Volt founder opens up on bank’s demise
WEB30 June 2022 6:07AM George Lekakis. Volt Bank founder and chief executive Steve Weston says he is “gutted” for staff, customers and shareholders by the collapse in investor support for his company. The bank’s eight-member board, chaired by former HSBC Australia kingpin Graham Bradley, pulled the plug on the business at a meeting on ...
Fraud - bankingday.com
WEBMar 14, 2024 · Bendigo's online fraud losses soared in the June half. 15 August 2023 5:40AM Latest news. George Lekakis. Bendigo and Adelaide Bank is the first bank to partly disclose details about the level of financial losses it is incurring from the boom in online fraud and scams. read more.