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Any merger of Beyond Bank and Police & Nurses would create a mutual with close to $20 billion in assets, making it the fourth largest. The enlarged mutual bank will have around 450,000 members, wh.. read more

If and when there is any progress to a central bank digital currency in Australia, the use case or use cases will be “in a wholesale sense”, Michele Bullock, governor of the Reserve Bank told Senate E.. read more

A clutch of opinionated voices have formed the Independent Payments Forum. They are Brad Kelly, Warwick Ponder, Russell Zimmerman, and Peter Drennan. A trio of influential small business associations.. read more

Financial Services Minister, Stephen Jones, yesterday introduced legislation into parliament that will see buy now pay later providers brought under the Credit Act. After a period of angst, the BNPL s.. read more

A longshot bid by an Ireland-based leasing consortium to kick off a proceeding to windup Indonesia’s national airline Garuda has failed on appeal to the High Court of Australia. read more

Despite the Federal Court having found cryptocurrency exchange Block Earner’s contraventions – lacking an AFSL while offering a financial product - to be serious, “I do not think that granting relief.. read more

  Regal Partners Limited is sealing its position as one of the fastest-growing non-banks, yesterday announcing that on Sunday night it reached terms to Merricks Capital. read more

With retail sales of $18.4 billion attributed to the loosely regulated buy now pay later credit sector, the Australian Retailers Association is anxious that regulatory reforms will be, as prom.. read more

Pre-payments by banks ahead of the repayment deadline for the Term Funding Facility have been flowing through, with $30 billion repaid over the last 10 weeks. There is another $65 billion to go. read more

With little money left in the tank, Islamic Money Australia is revving for another try at a successful banking entry. read more