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2 banks announce intention to merge

The two customer-owned lenders are exploring a merger in a bid to benefit from economies of scale and create “Australia’s leading purpose-driven bank”.

All 4 majors see loan book growth

The major banks have recorded the first month of positive loan book growth across the board since July 2023.

Major bank handed maximum penalty for unconscionable conduct

The big four bank has been ordered to pay the maximum penalty for unconscionable conduct in relation to an interest rate swap transaction.

Lenders open financial assistance for Cyclone Kirrily

Lenders have begun offering emergency assistance for those impacted by extreme weather events in North Queensland.

Outgoing Credit Suisse CEO appointed to ANZ board

The major bank has announced the appointment of Richard Gibb as a non-executive director to its Group board.

Brighten welcomes new CEO

A new chief executive has been appointed at the non-bank, with the new leader set to spearhead an expansion into commercial lending.

ME Bank to pay $820k for home loan failures

The non-major bank will pay a penalty of $820,000 after admitting to criminal charges relating to its handling of mortgages in 2018.

No-interest-loans requests expected to rise: NAB

The major bank expects more Australians to take out a no-interest-loan to help with back-to-school costs.

February cash rate hold called by big 4

One of Australia’s major banks has revised its cash rate predictions for February, aligning itself with its competitors.

Pepper Group CEO steps down from role

The company has announced that its founder and group chief executive has changed roles.

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