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Banks and credit unions participating in the Morrison Government’s first home loan deposit scheme will have an opportunity to prune their waiting lists following the re-release of unused guarantees un.. read more

‘The strategic logic for a BoQ buyout of ME is overwhelming and appears likely to induce a premium bid.’ read more

Commonwealth Bank scrip is continuing to trade near a 12 month high despite copping a wave of downgrades from sell-side analysts in recent weeks. read more

Judo Bank is set to make a large drawdown on the Reserve Bank’s Term Funding Facility after more than doubling the size of its business lending book in the 12 months to the end of January 2021. read more

Australia’s largest credit union is preparing to rebrand its operations to trade as a ‘bank’ later this year. read more

The country’s domestic debit scheme, Eftpos Australia, is extending the functionality of its recently acquired Beem It live payments platform to include a bill payment service. read more

Small business groups have responded to the proposed merger of Eftpos, NPP and BPay with “cynicism” and “concern”, saying they fear it has potential to remove competitive tension in the payments marke.. read more

The major banks have a record of contriving customer outcomes in the payments industry that run counter to the public interest, and little more than a decade since they scuttled Bankcard, this time Ef.. read more

Banks are scrambling to clear a growing backlog of home loan applications ahead of the summer holiday period and are warning mortgage brokers to expect processing delays until the middle of January. read more

Armaguard is promising to fill gaps in the national ATM network to ensure bank customers in regional and remote parts of the country do not have to travel more than four kilometres to access cash. read more