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 ...

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 ...

Bendigo and Adelaide Bank will acquire RACQ Bank’s retail lending assets and deposits – at book value. There is no premium payable on the footings of a retail banking business that recently has been ...

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 ...

The costs of managing non-financial risk can only escalate at ANZ, given the complexity and the bureaucracy proposed around the execution of ANZ’s Root Cause Remediation Plan (or RCRP). The ...

The Lindsay Fox family and Linfox Armaguard have got exactly what they were looking for. A cost-plus deal with their major customers, principally the four major banks. Deloitte Access Economics has ...

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 ...

A marathon trial over alleged misconduct by Mastercard in the Australian payments market might finally get a trial date in 2026 – a year later than planned. In May 2022, the ACCC filed proceedings ...

The average cost to income ratio increased by 336 basis points across Australia’s four major banks in FY2024, to 49.2 per cent, analysis by KPMG found. This is in line with the overall increase in ...

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 ...

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 ...

Interchange will be in the spotlight in the Reserve Bank of Australia’s upcoming review of payments fees and payments regulation. One influential lobby group has placed interchange front and centre in ...