Latest Banking News

Raiz Invest announces a leadership change with Brendan Malone stepping down as CEO and Craig Keary taking over, signalling a new chapter for the fintech amid steady growth.

Greatland Resources has locked in a $500 million debt facility with major banks, boosting liquidity to over $1.7 billion as it commits to developing its Havieron gold-copper project.

Ventia Services Group has secured a $133 million, five-year extension to manage the Australian Marine Complex-Common User Facility in Henderson, reinforcing its strategic role in maritime and defence infrastructure.

Centrepoint Alliance has agreed to acquire client books from Cairns Wealth and Pinnacle Wealth, expanding its salaried advice business and Queensland presence. The $3 million deal is expected to add $0.6 million in EBIT and be earnings accretive in FY27, supported by a new $10 million NAB acquisition facility.

Vection Technologies secures a $3.3 million order from Media Comunicazione for its Accessibility Kiosk platform, adding a third profitable revenue stream to its FY26 momentum alongside defence and AI businesses.

Findi Limited surged revenue by 36% to $83 million for FY26 but posted a hefty $52.6 million net loss, weighed down by integration costs and capital delays. The company completed a major consolidation of its Indian financial infrastructure assets and secured $25 million in fresh capital to support growth and liquidity.

ANZ Bank New Zealand has lodged an appeal against a High Court summary judgment in a class action related to consumer credit laws, prolonging legal uncertainty for the lender.

WAM Income Maximiser (ASX: WMX) has outpaced its benchmark with an 18.1% portfolio increase and exceeded its dividend target by delivering a 7.0% fully franked yield in its first year since April 2025.

Havilah Resources has locked in a $105 million upfront payment from Sandfire Resources for the Kalkaroo project and signed a binding farm-in agreement with Hillgrove Resources for Mutooroo, while gearing up for regional drilling in South Australia’s Curnamona Province.

EcoGraf confirms its patented HFfree process offers competitive costs for producing high-purity spherical graphite, targeting non-Chinese battery supply chains with plans for facilities in the US, Europe, and Asia.

Judo Bank has successfully upsized a capital-relief securitisation to $750 million, strengthening its CET1 ratio and enhancing return on equity for FY27.

2 Cheap Cars Group held its ground in a challenging FY26, delivering a net profit after tax of $3.2 million amid rising carbon costs and softer vehicle sales, supported by a robust second-half recovery and record finance penetration.