mergers and acquisitions

After months of negotiation, shareholders finally voted on the mutuals’ merger.

The commission is calling for submissions on how NAB’s proposed purchase of Citi’s Australian consumer bank would impact competition.

The $39 billion sale of the buy now, pay later giant has received approval from the Bank of Spain, clearing the way for it to take effect from February.

The Australian banking landscape has seen multiple mergers over the years that are continuously narrowing the competition. What do these decisions mean for the future of Australian ...

A mutual bank has welcomed 3,000 new members after completing its merger with a credit co-operative.

The credit union and bank have entered into merger discussions, looking to potentially form “one of Australia’s larger customer-owned banking organisations”.

The ASX-listed non-major bank has signed off on the $151.6 million sale of Finsure.

The upcoming ANZ-Suncorp merger has been given a date following the proclamation of Queensland legislation.

The financial services group has announced a new acquisition and secured a $31 million facility from a major bank to continue its “acquisition-led strategy”.

The property research group is expanding its real estate technology solutions with its investment in a Brisbane-based, AI-centred company.

Heritage Bank is in merger talks with another customer-owned banking organisation, to build a combined entity with more than 700,000 members.

The chief of La Trobe Financial will depart, after selling his stake in the non-bank lender to Canadian group Brookfield Asset Management.

The ASX-listed lender has proposed to buy the consumer finance division from buy now, pay later provider Humm, for $335 million.

The transaction will see hummgroup continue its commercial business pivot, shedding its BNPL, instalment and credit card operations to the non-bank. 

A mutual bank has revealed that it had completed the legal transfer to finalise a merger with a credit union.

The CEO of a customer-owned lender has warned that mutual banks that do not have scale and financial strength will be ‘unsustainable’ in future.

The ACCC has decided the $1.2 billion purchase of Citigroup’s Australian consumer business will not dampen competition among local banks.

The big four bank has recorded a rise in lending across its mortgage, SME and Kiwi businesses in the last quarter.

The $1.2-billion acquisition of Citigroup’s local business is expected to boost NAB’s customer base past that of ANZ, according to new analysis.

An overwhelming majority of Pulse Credit Union members have supported the proposed deal with Teachers Mutual Bank Ltd, with the two companies now looking to merge in November.