Lindsay Fox a kingpin of banking 14 March 2024 3:16AM Latest news Ian Rogers The banking industry have been played for fools, disoriented into yielding to the clever, costly plans of Lindsay Fox and Linfox Armaguard. read more
Armaguard convinces banks on price support 14 March 2024 3:13AM Latest news Ian Rogers Why not pay more if you want to? This is the both sensible and silly retort of banks at the very moment they are being outfoxed from every angle. Paying more turns out to cost more than $100 million... read more
People First 'a national bank' 11 March 2024 3:38AM Latest news Ian Rogers “There’s no reason we can’t be Australia’s first member-owned bank to have a million members,” People First Bank believes. read more
Bankwest shuts 45 branches 07 March 2024 5:57AM Latest news Ian Rogers Commonwealth Bank will shut 45 Bankwest branches in Western Australia by the end of the year and convert 15 more to the main CBA brand. read more
Tired Suncorp Bank easy meat for ANZ 06 March 2024 4:01AM Latest news Ian Rogers The barely challenged lack of competitiveness or even relevance of Suncorp Bank is the dark heart underlying the full decision of the Australian Competition Tribunal to grant authorisation for ANZ to.. read more
Shakeout in the debt collection market 06 March 2024 3:43AM Latest news John Kavanagh Rationalisation of the debt buying and collection market is providing a fillip for those still operating in a sector that has been hit by weak business conditions over the past couple of years. read more
Tyro cedes Bendigo merchant base 28 February 2024 5:41AM Latest news Ian Rogers An ordinary result for payments processor and struggling banking disruptor Tyro may leave the firm and one of its principal partners wondering about the value in their three-year old relationship. read more
Talka about Bank Australia 28 February 2024 5:22AM Latest news Ian Rogers Lithuanian Co-Operative Credit Society ‘Talka’ Limited, one of the most feeble credit unions in the country, will merge with Bank Australia. read more
AML bothers Suncorp Bank as sale nears 27 February 2024 5:36AM Latest news Ian Rogers Suncorp Bank’s swansong result highlights the task ahead for ANZ, defending a franchise and extracting value from a business beset by margin headwinds and increased expenses. read more
Hopeless: Tribunal entrenches the oligopoly 21 February 2024 6:14AM Latest news Ian Rogers Comment: Each takeover of a smaller rival proposed by a big Australian bank has won clearance from competition authorities over the last 35 years. Every single one. read more
ANZ blunders: Town & Country and now Suncorp 21 February 2024 6:12AM Latest news Ian Rogers Comment: In the disgraceful Australian catalogue of bank takeovers, one overlooked old ANZ favourite bears a review. read more
Challenger Bank sale process drags on 14 February 2024 5:26AM Latest news John Kavanagh The sale of Challenger Ltd’s banking subsidiary to Heartland Group was expected to be completed by the end of June 2023, but yesterday Challenger disclosed that the transaction will not be completed u.. read more
The brawls around cash 05 February 2024 5:35AM Latest news Ian Rogers One of the biggest stoushes in Australian banking in a long, long time is approaching its crescendo, as the RBA steps up to oversee industry conversations around the economics of cash-in-transit and t.. read more
Briefs: BOQ takes a hit on asset sale, new Resimac CFO, and more 05 February 2024 5:25AM Latest news Banking Day staff Bank of Queensland is selling its NZ$238 million New Zealand commercial loan and lease portfolio to UDC Finance Ltd, in a deal that will result in a loss of A$17 million to $20 million. read more
Briefs: senior banker joins ANZ board, Zip sells business loan book, and more 29 January 2024 4:02AM Latest news Banking Day staff The outgoing chief executive of Credit Suisse Australia, Richard Gibb, will join the ANZ board as a non-executive director. read more
Brokers, Macquarie 'limit coordination' 15 December 2023 4:56AM Latest news Ian Rogers Macquarie Bank, HSBC and ING “are in a position to defeat coordination” by major banks, Ruth Higgins, barrister for ANZ told the Australian Competition Tribunal yesterday. read more
NAB restructures NZ wealth business 15 December 2023 4:51AM Latest news John Kavanagh NAB will restructure its wealth business in New Zealand, merging it with Jarden Wealth and Asset Management Holdings and introducing private equity firm Pacific Equity Partners as a third shareholder. read more
Bendigo BOQ merger 'mere possibility' 12 December 2023 5:02AM Latest news Ian Rogers There have been exploratory conversations between Bendigo and Adelaide Bank and Bank of Queensland, Bendigo told the Australian Competition Tribunal – but they won’t lead anywhere. read more
Bendigo 'must spend vast amounts' 11 December 2023 5:39AM Latest news Ian Rogers A merger of Bendigo and Adelaide Bank and Suncorp Bank “would allow them to effectively compete”, the Australian Competition Tribunal heard on Friday. read more
Suncorp a secondary competitor 08 December 2023 4:55AM Latest news Ian Rogers Suncorp Bank “is not a particularly vigorous competitor” Suncorp’s barrister told the Australian Competition Tribunal yesterday. read more