The upcoming initial public offer of Cuscal Limited will be priced at $2.50 a share, Bell Direct, one of the sponsoring brokers said. This will give the specialist B2B payments bank an implied market capitalisation of $514 million.

Waldron had elected for a trial by judge alone and the reasons for his conviction are the subject of a lengthy and fascinating judgement, reported here.. Following a guilty plea in 2016 Keith Hunter – Waldron’s co-offender and immediate superior at the bank - was convicted and sentenced to a term in prison of three and a half years.

Focused on banking and finance, saving you the time spent wading through newspapers and other services. With reporting from former editors and senior writers from the AFR and The Australian.

ANZ has agreed to settle a pair of class actions, one concerning one that plaintiffs termed predatory lending. Maurice Blackburn Lawyers on Friday said it settled this class action with ANZ for $85 million over lending practices “that saw car dealers sting customers with high interest loans involving secret flex commissions kickbacks from the bank.”

The board of P&N Bank have elected not to proceed with a proposed merger with Beyond Bank Australia. Police & Nurses Limited “has concluded its due diligence on the potential merger with Beyond Bank announced in June 2024 and has decided not to proceed” P&N announced in a bombshell statement to members yesterday morning.

Those staff paid from $125,000 to $162,000 will receive a pay rise of 3.5 per cent, 3.0 per cent and 3.0 per cent. Staff paid up to $200,000 will also receive a pay rise of 3.5 per cent, with rises in 2024 and 2025 “discretionary.”

31 January 2025 8:33AM; Banks’ fee income from households increased by 10 per cent over the year to June 2024, mainly refle.. read more

The war on cash and cheques at Australian banks is about to intensify with two of the country’s leading deposit takers – Macquarie and CBA - flagging new measures to manoeuvre customers away from analogue methods of banking.

5 days ago · Bernard Kellerman; The move towards phasing out BECS in favour of the New Payments Platform is gaining traction. The next steps in this process and how the industry will get there was the working thesis of a panel disc..

Armaguard are on the cusp of an epic win over their alarmed clients in the banking industry via a material support package. Talk in the industry is that negotiations between the Australian Banking Association and Armaguard will be wrapped up by the end of this week.