Latest Banking Sector News

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WAM Leaders Limited reported a striking 131.9% increase in net profit for the half-year ending December 2024, alongside a raised fully franked interim dividend, underscoring its commitment to shareholder returns despite portfolio underperformance against the ASX 200.
Claire Turing
Claire Turing
13 Feb 2025
Suncorp Group Limited has announced a cash return of capital of AUD 3.00 per share, backed by shareholder and regulatory approvals, with payments scheduled for early March 2025.
Claire Turing
Claire Turing
12 Feb 2025
Commonwealth Bank of Australia reported a 2.3% increase in cash NPAT for the half year ended December 2024, underpinned by disciplined lending growth and robust capital management. The bank maintained its leadership in customer engagement and digital innovation while navigating ongoing economic uncertainties.
Victor Sage
Victor Sage
12 Feb 2025
Commonwealth Bank of Australia announces a fully franked ordinary dividend of AUD 2.25 per share, payable March 28, 2025, reflecting solid financial results for the period ending December 31, 2024.
Claire Turing
Claire Turing
12 Feb 2025
Auswide Bank Ltd's shares have been suspended from trading following court approval of its acquisition by MyState Bank Limited, marking a significant consolidation in the Australian retail banking sector.
Victor Sage
Victor Sage
10 Feb 2025
Auswide Bank’s acquisition by MyState Bank has reached a key milestone with the scheme of arrangement now legally effective, triggering a suspension of Auswide’s shares and setting the stage for shareholder transitions.
Victor Sage
Victor Sage
10 Feb 2025
The Supreme Court of New South Wales has approved MyState Bank’s acquisition of Auswide Bank via a scheme of arrangement, setting the stage for a significant consolidation in the Australian banking sector.
Victor Sage
Victor Sage
7 Feb 2025
Auswide Bank Ltd held a pivotal Scheme Meeting to decide on its acquisition by MyState Bank Limited, with directors unanimously recommending approval. Shareholders will exchange Auswide shares for MyState shares, creating a merged entity with shared ownership.
Victor Sage
Victor Sage
3 Feb 2025
RocketBoots Limited has secured a contract extension with a major Australian retailer and raised $1.5 million to accelerate its international expansion, while advancing multiple multinational trials of its AI-powered SaaS platform.
Sophie Babbage
Sophie Babbage
31 Jan 2025
FinTech Chain Limited reports a robust increase in cash balances and positive operating cash flow for Q3 2024, alongside new contract wins and ongoing legal proceedings related to a past misappropriation case.
Victor Sage
Victor Sage
31 Jan 2025
Auswide Bank has secured Treasurer approval for MyState Bank’s acquisition via a scheme of arrangement, setting the stage for a pivotal shareholder vote in early February.
Victor Sage
Victor Sage
24 Jan 2025
MyState Limited has secured Federal Treasurer approval for its merger with Auswide Bank, advancing plans to create a larger regional banking group pending shareholder and court consent.
Claire Turing
Claire Turing
24 Jan 2025