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
Qudos and Bank Australia to proceed with merger 17 May 2024 6:25AM Latest news Bank Australia and Qudos Bank have agreed to continue to explore a proposed merger and seek regulatory approval to merge, before asking members to vote in 2025. read more
Qudos picks new CEO 18 August 2023 5:35AM Latest news Ian Rogers Qudos Bank has appointed Brendan Wright as its new CEO. read more
Qudos members recoil at better board pay 06 December 2022 5:25AM Latest news Ian Rogers As Qudos Bank sheds members but holds its own financially among mutual bank peers, the cynics at the bank’s AGM voted down a proposal to hike directors’ fees. read more
Qudos Bank lifts rating, slashes board 22 July 2022 4:47AM Latest news Ian Rogers Moody's Investors Service yesterday upgraded Qudos Mutual Limited's long-term issuer rating by one notch to Baa1 from Baa2, “based on the bank's strong performance to date and its reduced exposure to.. read more
Qudos and Infosys at war over copyright 24 May 2019 4:11PM Authorised deposit-taking institutions Banking Day staff Claims of copyright infringement, breach of contract and misuse of confidential information by Infosys may play out in the public domain, with the Federal Court handing an early court win to Qudos Ban.. read more
Qudos' IT fail burns through last year's profits 14 November 2018 5:43PM Authorised deposit-taking institutions Bernard Kellerman Australian mutual bank Qudos has admitted its A$21 million-plus core banking system upgrade has been a failure, and it wants compensation from its technology provider. read more