AFG share price rallies after profit disclosure 18 August 2022 5:40AM The share price of Australian Finance Group rallied on Tuesday after the company revealed that the value of high margin loans settled through its in-house lending arm had more than doubled in the 12 m.. read more
Brokers downgrade Bendigo forecasts 17 August 2022 5:56AM Bendigo and Adelaide Bank’s share price copped another bruising on Tuesday after broking analysts issued a raft of earnings downgrades. read more
Openpay raises almost $6m from retail investors 17 August 2022 5:52AM Struggling buy now pay later provider Openpay has completed the share purchase plan component of its latest capital raising program, with retail investors subscribing to $5.8 million worth of shares. read more
Community bank model reviewed by Bendigo 16 August 2022 6:12AM Bendigo and Adelaide Bank’s share price was hammered on Monday amid investor concern over the company’s interest margins, which could come under pressure from revenue sharing deals the bank has with i.. read more
CBA takes $2.3 billion writedown on Klarna 11 August 2022 5:14AM Despite the heavy spin championing CBA’s credentials as a wily investor in fintechs, several of CEO Matt Comyn’s big gambles in this space unravelled in the six months to the end of June. read more
ANZ affirms support for China’s cross-border messaging system 10 August 2022 6:06AM ANZ Bank says it will continue as a full member of a cross-border interbank payments platform controlled by the Peoples Bank of China, despite concerns that Russian banks might be using the service to.. read more
Volt reports $84m loss 09 August 2022 5:36AM In their penultimate financial report, the directors of Volt Bank have highlighted the company’s exposure to “onerous” technology contracts that are expected to generate additional costs in the curren.. read more
Splitit appoints liquidator to one of its Australian subsidiaries 04 August 2022 6:14AM ASX-listed buy now pay later provider Splitit Payments Ltd has placed one of its Australian subsidiaries in voluntary administration. read more
Great Southern tips millions into secretive Sydney fintech 03 August 2022 5:59AM Great Southern Bank is among a handful of prominent investors that have collectively poured $32 million of seed funding into a new payments fintech set up by former Westpac executives. read more
CBA tells staff it did not comply with fair work laws 02 August 2022 5:49AM Commonwealth Bank of Australia has begun notifying staff that its controversial “individual flexibility arrangements” do not comply with Australian fair work laws and that it has embarked on a process.. read more