Latest Banking News

Australian Strategic Materials unveils a transformative heap leach approach for its Dubbo Project, cutting upfront capital costs by over half and accelerating rare earth oxide production amid rising global demand.

Ventia has expanded its partnership with NBN Co through a $280 million contract amendment to upgrade fibre infrastructure in the Australian Capital Territory, marking a strategic geographic expansion.

Credit Intelligence Ltd has finalised the sale of its wholly owned subsidiary for $1.5 million and is moving forward with a capital return to shareholders, marking a strategic shift towards profitability.

Victory Metals has significantly enhanced its North Stanmore resource with Gallium inclusion and secured major financing commitments exceeding US$200 million, positioning itself as a strategic supplier amid global rare earths tensions.

Change Financial has surpassed its FY25 revenue targets and is set to report its first positive underlying EBITDA, signaling a pivotal shift for the fintech. The company also projects strong revenue and earnings growth for FY26, underpinned by robust sales momentum and operational efficiencies.

Polymetals Resources Ltd has successfully restarted its Endeavor Silver Zinc Mine in NSW, achieving first concentrate production and initial revenues. The company is advancing exploration and strengthening its balance sheet with a recent equity raise.

Auric Mining has kicked off the last toll milling campaign at Jeffreys Find, targeting 2,750 ounces of gold and a surplus cash distribution exceeding $4 million to support its next phase at Munda.

FleetPartners Group has successfully priced a A$400 million Australian asset-backed securitisation, including a green tranche funding electric vehicle leases, while issuing a correction to a previous announcement.

FleetPartners has priced a A$400 million asset backed securitisation, featuring a green tranche dedicated to electric vehicle leases, marking a notable step in sustainable finance.

Betashares Capital Ltd has disclosed the estimated annual distribution components for its Global Banks Currency Hedged ETF (ASX, BNKS) for the fiscal year ending June 2025, highlighting a significant foreign income portion and a full cash payout.

ClearVue Technologies announces key leadership changes with COO Douglas Hunt stepping in as interim CEO, alongside two new board appointments, signaling a strategic push to accelerate growth and innovation.

Ryder Capital has halted its Dividend Reinvestment Plan, opting to pay shareholders cash dividends instead. The move raises questions about the company’s strategic direction and shareholder returns.