Banks play a longer game on cash

Banks, reportedly, are investigating a couple of drastic options to solve the mess they helped create by backing the merger of cash-in-transit operators Armaguard and Prosegur last year. One brainwave.. read more

ACCC almost there on cash club

Banks and Armaguard are close to receiving clearance from the ACCC for the big banks (and others) to coordinate on how best to prop up Armaguard’s cash distribution business. read more

Volt co-founder buys banks remnants

Volt Bank is being reborn as a non-bank offering much the same services as Volt, except targeted to smaller ADIs, planners and other non-banks. Many Volt shareholders look likely to back the new ventu.. read more

Armaguard zero in on cash bailout

Armaguard are on the cusp of an epic win over their alarmed clients in the banking industry via a material support package. The ABA looks likely to wrap up negotiations by the end of this week.   read more

Electric credit burns bright

An ambitious program of federally funded and widely accessible loans to foster a near universal take-up of rooftop solar and associated investments is the centrepiece of the pre-budget submission to t.. read more

Debenture decision all backwards

In a decision that seems unlikely to stand, the Federal Court has found that Finder Wallet Pty Ltd’s crypto product Finder Earn is not a debenture. read more