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Retail banking profits at Bank of Queensland crashed over the year to August 2024, down to $88 million in cash earnings from $203 million in FY2023. read more

Confounding the cynics, NGM Group has reported the highest mutual bank profit ever. read more

Regional Australia Bank and Summerland Bank have announced their plan to merge. read more

Often described as a monopoly industry, cash-in-transit is a sector with a vibrant and disruptive alternative supplier. read more

The federal government expects banks and payments providers to voluntarily end surcharging on debit payments by the end of 2025. read more

In a spectacular fail, NAB chief executive Andrew Irvine told a falsehood in a radio interview yesterday on NAB’s record on branch closures. Or is he clueless on what’s really going on? read more

London-based account-to-account payments provider Banked will deepen its early mover advantage in the Australian market through the acquisition of fintech Waave. read more

Small businesses and their industry associations are beginning to mobilise to jointly bargain with banks and payments services providers over payments fees. read more

The Reserve Bank’s Term Funding Facility - a bedrock of industry funding from March 2020 to June 2024 – has been branded “effective” by the RBA in its Review of the facility. read more

It’s buddy up or go bust in cash-in-transit, in New Zealand at least. read more