Latest Banking News

Helia Group has renewed its exclusive Lenders Mortgage Insurance contract with ING Bank Australia for four years from July 2026, preserving a significant revenue stream representing about 20% of its FY25 premiums.

CDC’s independent valuation jumped 23.6% to a mid-point of A$18.5 billion, propelled by contracted capacity exceeding 1GW and a major pipeline expansion to 3.9GW. Infratil’s nearly 50% stake now values at over A$9.2 billion.

Alcoa Corporation has struck a $4.1 billion deal to acquire South32's bauxite, alumina, and aluminium operations, including a contingent value right of up to $750 million tied to commodity prices. The transaction is expected to close in H1 2027, pending approvals.

Metal Bank has secured $1.2 million through a placement at a 30% premium, enabling accelerated development at its Seven Leaders deposit and advancing gold projects at Livingstone.

Estrella Resources has expanded its manganese exploration footprint in Timor-Leste with rock chip assays up to 57.8% manganese at new Leuro and Sica prospects, confirming broader mineralisation beyond its Ira Miri project.

VHM Limited has locked in a binding offtake agreement covering 100% of rare earth concentrate from its Goschen Project and secured A$40 million in convertible note funding from Iluka Resources, advancing the project towards final investment decision.

Northern Star Resources has met its revised FY26 gold sales guidance with a strong June quarter performance and remains on track with the KCGM mill expansion. The company also announced the appointment of Suresh Vadnagra as its next CEO, effective October 2026.

BlackRock Investment Management (Australia) has announced the final cash distribution amounts for a broad suite of iShares ETFs, with payments scheduled for 13 July 2026.

Kapstream Investment Trust completed a 5% off-market buyback and projects FY 2027 distributions around RBA Cash + 3.50%, supported by a rising yield to maturity.

Black Rock Mining has secured an extension of its US$204 million debt facility to November 2026, providing more time to finalise equity funding for the Mahenge Graphite Project in Tanzania.

Archer Materials has secured a three-year strategic deal with IonQ, the global quantum computing leader, gaining access to advanced quantum cloud services and exploring onshore deployment of quantum hardware in Australia.

Nido Education Limited has secured a 12-month extension on its NAB loan facility, increasing available funding by $10 million and raising its bank guarantee capacity to $17.5 million, underpinning its growth in early childhood education.