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This year’s sale of its health fund to HBF has delivered to Queensland Country Bank one of the largest ever profits for a mutual bank. read more

Auswide Bank remains on the prowl for takeover opportunities. read more

The Australian Competition Tribunal will begin a nine-day hearing on Monday, 4 December on the applications by ANZ and Suncorp for a review of the ACCC’s recent decision to refuse authorisation for th.. read more

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