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 ...

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 ...

Banks in Australia are in clover, with $719 billion in new housing loans advanced over the year to September 2025, APRA’s Quarterly ADI Property Exposures publication shows. Owner-occupied loans ...

A Cuscal confab of industry CEOs underway at Green Island Resort this morning has the sector muttering, amid new questions over the longevity of its principal rival, Australian Settlements. A ...

The government has published draft regulations that will establish a mandate for supermarkets and fuel retailers to accept payment in cash. This is a much narrower mandate than had been anticipated, ...

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 ...

MyState Limited and Auswide Bank Australia have reached terms for a merger of the two regional banks, one they aim to complete by the end of the year. Tasmania-based MyState and Bundaberg-based ...

Bank of Sydney is forging ahead with a core banking system replacement, and has selected Infosys as vendor. The bank has operated on a Fiserv platform since 2001. “The board approved the new operating ...

Commonwealth Bank has completed the sale of a 55 per cent interest in its superannuation and investment business Colonial First State to investment company KKR & Co. The bank said the sale would ...

The Reserve Bank of Australia and Treasury will prioritise research and experimentation on wholesale variants of any future digital central bank currency and defer deeper analysis of the case for any ...

ANZ will pay an undisclosed annual fee to the Australian government in return for a “limited guarantee to ANZ in connection with its current Pacific operations for 10 years.” ANZ expects the guarantee ...