Latest Financial Services News

Centrepoint Alliance reported a 16% rise in normalised EBITDA to $12.3 million for FY26, exceeding its guidance and lifting its EBITDA margin to 29%. The company’s adviser network grew modestly, while funds under management jumped 48%.

FleetPartners has received a non-binding, conditional indicative offer from SG Fleet to acquire all outstanding shares at A$3.601 each, subject to due diligence and regulatory approvals.

Pepper Money, alongside KKR and PIMCO-managed funds, has finalized the $15.4 billion RAMS home loan portfolio acquisition from Westpac, marking a significant step in expanding its capital-light servicing business.

Westpac has completed the $15.4 billion sale of its RAMS mortgage portfolio to a consortium including Pepper Money, KKR, and PIMCO, lifting its capital ratio and simplifying operations.

ANZ has completed the acquisition of Worldline S.A’s 51% stake in ANZ Worldline, gaining full ownership of its merchant payments business and integrating around 270 employees as part of its 2030 strategic vision.

Peppermint Innovation Ltd (ASX:PIL) reported a 171% jump in group revenue for the June quarter, powered by a 577% surge in its Bizmoto revenue and a successful pilot of its QRPh Person-to-Merchant payment platform that tripled monthly transaction values. The company is advancing its ASX reinstatement while expanding its digital payments ecosystem in the Philippines.

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.

ClearView Wealth’s acquisition by Zurich Financial Services Australia has cleared its final legal hurdle, triggering a trading halt and scheduled shareholder payouts including a special dividend and cash scheme consideration.

Pepper Money is set to become the servicer for a massive A$36 billion loan portfolio from HSBC Australia following its acquisition by a Blackstone-controlled entity, aligning with Pepper Money's strategy to expand its capital-light servicing business.

Omni Bridgeway delivered a standout FY26 with record investment proceeds and new commitments, underpinned by disciplined cost management and a robust pipeline.

The Supreme Court of New South Wales has approved Zurich’s acquisition of ClearView, setting a clear timetable for scheme implementation and shareholder payouts.

Perpetual Limited recorded solid growth across its divisions in Q4 FY26, with Corporate Trust and Asset Management buoyed by market gains despite net outflows. The company is advancing the sale of its Wealth Management arm to Bain Capital, targeting completion in late 2026.