Debit card and credit card spending is increasingly concentrated among ‘strategic’ merchants, meaning big retailers.

Latitude Financial could have – but failed – to head off what ultimately proved to be a disastrous cyber breach in March 2023 ...

A 25 basis points lift in its net interest margin to 2.32 per cent has underpinned the profitability of IMB Bank.

The debanking of Monoova is underway, and Monoova and every crypto happy fintech on its books is a massive challenge for ...

ANZ will need to write off $100 million, including $78 million in goodwill, following the closure of Cashrewards.

Putting weeks of rumours behind it, ANZ yesterday said it “expects” around 3500 employees to “depart the group” by September 2026. Around 1000 contractors will also be let go ...

ASIC has had another, albeit narrow, win in the Federal Court in relation to breaches of responsible lending laws, on this occasion by Money3.

AFG yesterday reported a 21 per cent increase in net profit to $35 million over the eyar to June 2025, while EBITDA lifted 19 ...

Westpac and investors may want to brace for a much more adverse outcome than the bank has so far provisioned for in civil penalty proceedings bought by ASIC against Westpac in relation to admitted ...

Transaction banking is proving to be a bright spot for Westpac in the highly competitive domain of business banking.

The heat is on Mastercard to settle with the ACCC over allegations of anti-competitive conduct, with Mastercard suffering a heavy procedural defeat in the Federal Court on Friday, which found the ...