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Matt Comyn, CEO of Commonwealth Bank last week sold a parcel of shares in the bank with a market value of $1 million.  read more

Continuing this year’s theme of exceptional profits among leaders in the mutual banking sector, G&C Mutual Bank annual report released on Friday showed a return on equity of 8.3 per cent. read more

On Friday, Banking Day reported (correctly) that the RBA’s 2023 annual report disclosed a 10.5 per cent rise in the remuneration for then-governor Philip Lowe. There is nuance behind this number, howe.. read more

Reserve Bank staff campaigning for a better pay offer from the bank will underline the pay benchmark set from the top – with governor Philip Lowe paid 11 per cent more in FY2023. As expected, the RBA.. read more

Unity Bank’s exposures to a handful of property developers will be concentrating the minds of management and the board of the mutual bank. read more

A hapless effort to transition to a new core banking system has resulted in Northern Inland Credit Union plunging deep into the red. read more

A higher margin and a healthy lift in new lending produced a 33 per cent rise in net profit for BankVic over the year to June 2023. read more

A goodwill impairment, remedial and restructuring costs have smashed the full year profit of Bank of Queensland. read more

Following ongoing volume growth of the NPP and the addition of new services such as PayTo, Australian Payments Plus is proposing significant changes to the NPP’s wholesale pricing arrangements. read more

Regional Australia Bank has set a new benchmark for the mutual banking sector. read more