For the four largest banks in New Zealand, the Reserve Bank of New Zealand has settled on a reduction in Tier 1 capital ratio requirements relative to the 2028 settings under capital levels imposed i.

A bit of a carpet bagger Mike Smith turned out to be. Or a lot of a carpet bagger. In excruciating detail the suppressed Self-Assessment ANZ provided to APRA in mid 2019 documents the felonies of Mike ...

Bendigo and Adelaide Bank has been penalised, and faces more sanctions, following the discovery of suspected money laundering at a Bendigo branch in Melbourne recently.

Shareholders in ANZ voted down the remuneration report for the second year in a row at the bank’s annual general meeting in Sydney yesterday.

Heartland Bank Australia is looking to diversify its lending book, but for now it is keeping its thinking to itself. “Certainly we’ve got aspirations to grow our business” Michelle Winzer, the newly ...

HSBC is seeking a buyer for its Australian retail banking arm, The Australian reports. HSBC had A$37 billion in assets and A$38 billion in deposits at May 2025, APRA data shows. Its mortgage book was ...

The Reserve Bank of New Zealand yesterday said it filed civil proceedings in the High Court against ASB Bank Limited for breaches of core requirements under the Anti-Money Laundering and Countering ...

Struggling US card issuing and payments processing platform provider Marqeta Inc has abruptly pulled the plug on its Australian business as it scrambles to tame operating losses across its global ...

ANZ will need to write off $100 million, including $78 million in goodwill, following the closure of Cashrewards. Cashrewards announced its closure yesterday morning. ANZ bought Cashrewards in late ...

The new business of Luke Bunbury, one of the co-founders of Volt Bank, has emerged as the buyer of all remaining assets of the failed bank. Via his latest venture, We Are Embedded, Bunbury has ...

Australia’s largest credit union is preparing to rebrand its operations to trade as a ‘bank’ later this year. Brisbane-based Credit Union Australia is in the advanced stages of reworking its consumer ...

In a reversal of course, the Reserve Bank of Australia is proposing removing surcharging across all debit card and credit card payments, from July 2026. Caps on interchange would also be lowered ...