OzForex stranded in merger stakes

Western Union and OzForex Group have parted ways on a planned takeover by the former of the latter, leaving investors in the listed Australian fintech star pondering its value. read more

MMPCU consolidates Shell Employees'

Members of Shell Employees' Credit Union on Friday voted to support a merger with Maritime, Mining & Power Credit Union, setting in train what may prove a busy calendar for smaller, mutual ADIs. read more

Macquarie set for covered debut

Macquarie Bank will catch up with the big banks and make use of a covered bond program to help fund its A$27 billion mortgage book. The bank is a couple of years behind the major domestic Australian b.. read more

Awkward ANZ chats disclosed

The unsavoury content of conversations between traders at ANZ and other banks is beginning to slide into the public domain, as the bank and its sacked interest rate trader Etienne.. read more

RBA sees savings decline

The saving ratio in Australia may exhibit "a further modest decline" over the next few years, the Reserve Bank of Australia projected in its latest Statement on Monetary Policy, released on Frida.. read more

Clydesdale wanders in LSE debut

National Australia Bank yesterday finalised a price of 180 pence for each share in the sale of its remaining 25 per cent stake in Clydesdale Bank, releasing around A$805 million in capital for NAB. read more