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In a decision bound to draw a mixed reaction from banks, retailers and other cash-issuing businesses, the ACCC has approved the proposed merger of Armaguard and Prosegur. read more

As public concern intensifies about the prospect of a protracted recession in the domestic economy, leading economists are divided over whether the Reserve Bank’s latest official rate hike will amount.. read more

APRA’s decision on 25 May to grant a full banking licence to In1Bank Limited helped to unlock around $24 million of fresh capital for the fledgling Sydney-based bank. read more

Westpac took only a few hours to announce a repricing across its full range of variable home loan rates on Tuesday after the Reserve Bank’s official rate hike. read more

Total deposits held by banks and credit unions grew modestly in April as business customers, councils, government agencies and community organisations withdrew more than A$9 billion from the banking s.. read more

The Finance Sector Union has called on Bendigo and Adelaide Bank to widen the coverage of its enterprise agreement to ensure all staff receive a pay rise this year. read more

Marqeta Inc, the Californian payments management company that shuttered its Australian office last week, says it plans to continue servicing local clients from its US operation. read more

Economists and money market experts say they would be surprised if the Reserve Bank served up another official rate rise at the June board meeting in Sydney next week. read more

Buy now pay later provider Zip Co says its Australian operations will not be affected by the exit of global card processor Marqeta from the local market. read more

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 busi.. read more