Cuscal cuts payout ratio

Cuscal has reported a December 2023 half year net profit of A$13.7 million, up five per cent from the prior period, and is distributing $6.1 million to shareholders as an interim dividend. read more

Tyro cedes Bendigo merchant base

An ordinary result for payments processor and struggling banking disruptor Tyro may leave the firm and one of its principal partners wondering about the value in their three-year old relationship. read more

Talka about Bank Australia

Lithuanian Co-Operative Credit Society ‘Talka’ Limited, one of the most feeble credit unions in the country, will merge with Bank Australia. read more

AML bothers Suncorp Bank as sale nears

Suncorp Bank’s swansong result highlights the task ahead for ANZ, defending a franchise and extracting value from a business beset by margin headwinds and increased expenses. read more

Liberty wanders in tough times

A continuing shift in business mix to higher margin lending product, combined with less residential lending punched a deep hole in the profit of Liberty Financial over the December half. read more

Susan Woods named RBA COO

Susan Woods, an RBA insider, is being promoted to the newly established role of Chief Operating Officer at the Reserve Bank of Australia. read more