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 ...

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 ...

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 ...

Thousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by ...

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 Australian Information Commissioner has upheld the draconian secrecy provisions in the APRA Act, at least as they apply to requests under Freedom of Information. Liam Walsh, a reporter with the ...

A court has ruled that a lender seeking to avoid the provisions of the National Consumer Credit Protection Act by lending to a company “for no purpose genuinely connected to its normal business” ...

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 ...

The Supreme Court of New South Wales has dismissed an application by Merciful Group Incorporated over the closure of its account by Suncorp Bank (a subsidiary of ANZ) “on the grounds that this was ...

Jerome Laxale, the Labor MP for Bennelong and a member of the House Economics Committee yesterday announced the beginning of a “campaign for fee-free digital payment reform.” For now Laxale is teasing ...

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. Bendigo owned up to these ...

Speculation is mounting in Melbourne financial circles that Bendigo Bank is on the cusp of negotiating a deal to sell its half stake in the Homesafe Solutions wealth release business. Bendigo is ...