Credit union CEO sentenced to prison 12 December 2024 5:18AM Latest news Ian Rogers Lyndon Kingston, the former CEO of Bananacoast Community Credit Union, has been sentenced to 18 months in prison. read more
Former credit union CEO convicted 15 November 2024 8:08AM Latest news Ian Rogers Former director and CEO of Bananacoast Community Credit Union, Lyndon Kingston, has been found guilty of dishonest conduct. read more
Teachers Mutual dumps Hiver, considers branch closures 28 October 2024 6:38AM Latest news Ian Rogers With cost-cutting front of mind, Teachers Mutual Bank will withdraw its Hiver brand from the market, and even look at closing branches. read more
MyState and Auswide terms ‘reasonable’ 24 October 2024 7:02AM Latest news Ian Rogers MyState’s offer for Auswide Bank are reasonable, corporate advisory firm Kroll has concluded. read more
BOQ rests on unstable foundations 17 October 2024 7:45AM Latest news Ian Rogers 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
BOQ sprung for irresponsible lending 04 October 2024 6:27AM Latest news Ian Rogers AFCA has found in favour of a Bank of Queensland borrower in a protracted dispute centred on the bank’s responsible lending obligations. read more
P&N doubles system 20 September 2024 6:10AM Latest news Ian Rogers Growing at twice system, P&N Bank has costs under control and, for now, will be putting its failed effort to merge with Beyond Bank behind it. read more
Beyond red-faced in merger breakdown 17 September 2024 6:20AM Latest news Ian Rogers Was former Westpac and RAMS executive Jake Bromwich just too toxic as the future CEO of a merged P&N Bank and Beyond Bank? read more
Fennell adjusts Bendigo executive team 04 September 2024 8:10AM Latest news Ian Rogers Taso Corolis has been appointed chief customer officer, consumer banking at Bendigo and Adelaide Bank. read more
IMB committed to buybacks 29 August 2024 6:47AM Latest news Ian Rogers With its ordinary shares no longer recognised by APRA towards capital, IMB’s board says it “remains committed to ... share buybacks.” read more
Up and margin rebound for Bendigo 27 August 2024 7:21AM Latest news Ian Rogers Bendigo and Adelaide Bank’s Up brand has regained its mojo. read more
BOQ pivots to business banking, dumps franchised branches 23 August 2024 12:41AM Latest news Ian Rogers Bank of Queensland will take control of owner-manager branches and turn them into corporate branches. And then close many of them. read more
MyState, Auswide do the decent thing in dire times 20 August 2024 6:23AM Latest news Ian Rogers The union of MyState and Auswide is high conviction, high value and highly likely to work out for the best. read more
MyState and Auswide forge merger 19 August 2024 1:14AM Latest news Ian Rogers MyState Limited and Auswide Bank have reached agreement on a merger, the AFR’s Street Talk column reports. read more
People First in a mortgage jam 05 August 2024 11:37PM Latest news Ian Rogers Service standards and turnaround times on home loan applications have blown out, badly, at People First Bank, at least for applications lodged via mortgage brokers. read more
Banks trade wallet share, SME customers 11 July 2024 6:35AM Latest news Bernard Kellerman Westpac has reversed long term customer churn among larger sized businesses. read more
Richard Fennell new Bendigo CEO 03 July 2024 6:51AM Latest news Ian Rogers Richard Fennell will succeed Marnie Baker as managing director and CEO of Bendigo and Adelaide Bank from the end of August. read more
History sour on ANZ value in Suncorp Bank 02 July 2024 5:58AM Latest news Bernard Kellerman and Ian Rogers The ANZ PR machine has forceful, via Bluenotes and national media, over the value the bank plans to deliver following the long-expected final approval – from the Treasurer, on Friday – for ANZ’s takeo.. read more
Mutual banks and credit unions defer search for profitable foundations 14 June 2024 12:25AM Latest news Ian Rogers Cost discipline is a characteristic too few mutual banks are known for, and nigh on impossible to deliver when boards are balancing pursuit of the greater goal of merging in the name of survival, with.. read more
Beyond Bank, P&N hit merger accelerator 06 June 2024 12:20AM Latest news Ian Rogers 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