Struggling US card issuing and payments processing platform provider Marqeta Inc has abruptly pulled the plug on its Australian business as it scrambles to tame operating losses across its global ...

HSBC is seeking a buyer for its Australian retail banking arm, The Australian reports. HSBC had A$37 billion in assets and A$38 billion in deposits at May 2025, APRA data shows. Its mortgage book was ...

Bendigo and Adelaide Bank has been penalised, and faces more sanctions, following the discovery of suspected money laundering at a Bendigo branch in Melbourne recently. Bendigo owned up to these ...

The new business of Luke Bunbury, one of the co-founders of Volt Bank, has emerged as the buyer of all remaining assets of the failed bank. Via his latest venture, We Are Embedded, Bunbury has ...

Interchange will be in the spotlight in the Reserve Bank of Australia’s upcoming review of payments fees and payments regulation. One influential lobby group has placed interchange front and centre in ...

Heartland Bank Australia is looking to diversify its lending book, but for now it is keeping its thinking to itself. “Certainly we’ve got aspirations to grow our business” Michelle Winzer, the newly ...

Paul O’Malley, the chair of Commonwealth Bank, yesterday told the bank’s annual general meeting that “our intention and expectation is that the decision as to the appointment of the next CEO will be ...

Banks in Australia are in clover, with $719 billion in new housing loans advanced over the year to September 2025, APRA’s Quarterly ADI Property Exposures publication shows. Owner-occupied loans ...

Thousands 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 ...

A 25 basis points lift in its net interest margin to 2.32 per cent has underpinned the profitability of IMB Bank. Net profit for the year to June 2025 was $38.1 million, a 30% increase on the FY2024 ...

The Reserve Bank of New Zealand yesterday said it filed civil proceedings in the High Court against ASB Bank Limited for breaches of core requirements under the Anti-Money Laundering and Countering ...

A Cuscal confab of industry CEOs underway at Green Island Resort this morning has the sector muttering, amid new questions over the longevity of its principal rival, Australian Settlements. A ...