Latest Banking News

HSBC Bank Australia has agreed to sell its AUD36 billion home and personal loan book to Blackstone-managed funds, marking a significant retreat from retail banking. The deal awaits regulatory approvals and is expected to close in H1 2027.

HSBC Bank Australia is exiting its retail loan business by selling a AUD36 billion home and personal loan portfolio to Blackstone-managed funds, with completion targeted for early 2027 pending regulatory approval.

HSBC Bank Australia has struck a deal to offload its AUD36 billion home and personal loan book to Blackstone-managed funds, marking a strategic retreat from retail lending and a reshaping of its Australian operations.

Bendigo and Adelaide Bank will redeem its A$125 million subordinated floating rate notes nearly five years ahead of maturity, with APRA approval secured for the early redemption.

Toi Foundation has reopened its community consultation on the proposed sale of TSB Bank shares to Heartland Group Holdings due to a procedural error, pushing the trustee decision to August and delaying the merger timeline.

Kina Securities expects net profit after tax to rise between PGK132 million and PGK138 million for 2026, driven by revenue growth and tax cuts, despite payment system challenges.

Westpac Banking Corporation declared a fully franked distribution of AUD 1.3884 per Westpac Capital Notes 9 for the quarter ending September 2026, reflecting a 5.5082% annualised rate based on the latest 3-month BBSW plus margin.

Judo Bank has raised its FY26 cost of risk guidance due to three specific customer exposures, yet maintains a strong profit outlook with a projected 30% increase in pre-tax earnings.

National Australia Bank updates its interim dividend framework, setting DRP and BSP prices with a partial underwriting by Goldman Sachs for up to AUD 1 billion.

Suncorp Group has completed the redemption of all 3.89 million Capital Notes 3, paying holders face value plus a final distribution of A$1.2674 per note on 17 June 2026.

Commonwealth Bank of Australia has announced fully franked quarterly distributions ranging from AUD 1.2733 to AUD 1.3174 on four series of its PERLS capital notes, payable in September 2026.

Heartland Group Holdings has satisfied all initial conditions for its acquisition of TSB Bank shares from Toi Foundation, moving closer to a December 2026 merger that will create TSB Heartland Bank Limited.