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Showing 1 - 10 of 155 results for "Bank Australia"

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
HSBC Bank Australia has been hit with a $35 million penalty after admitting to widespread and systemic failures in protecting customers from scams. Following a Federal Court hearing in Melbourne on June 18, Justice Bennett handed down the penalty and ...

Australian Unity reveals profit turnaround

ELIZA BAVIN  |  FRIDAY, 29 AUG 2025
... complete by 31 December 2025. During the year, Australian Unity announced the transfer of its banking business to Bank Australia. This is expected to be complete in November 2025. It also announced the sale of Australian Unity Investments Limited (AUIL) ...

Future Group calls on super funds to push for bold emissions target

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... Future Group's campaign including Fortescue, Atlassian, Canva, Unilever, Volvo Group Australia, Culture Amp, Bank Australia, Intrepid Travel and Ben & Jerry's. Those companies have signed the Business for 75 open letter calling for the government ...

Australian Unity chief retires

ANDREW MCKEAN  |  TUESDAY, 18 MAR 2025
... million offload of Grand United Corporate Health to nib, and, most recently, the handover of Australian Unity Bank to Bank Australia, expected to wrap by year's end. As of June 2024, its bank had $1.4 billion in loans and $1.6 billion in deposits. Australian ...

Family office CIO joins Heritvest

ELIZABETH FRY  |  THURSDAY, 27 FEB 2025
... also led investment solutions for high-net-worth individuals and families as chief financial officer at Deutsche Bank Australia. Before arriving at Deutsche Bank in 2011, Nassios was investment chief at Yulgilbar, overlapping with his fund manager role ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
ASIC has launched legal proceedings against HSBC Bank Australia in the Federal Court, alleging the latter failed to "adequately protect customers", resulting in losses of about $23 million through nearly 1000 unauthorised transactions. ASIC said the ...

Australian Unity offloads banking business

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
Australian Unity has announced the sale of its banking business to Bank Australia, with the transfer set to be complete in late 2025. Under the agreement, Bank Australia will acquire Australian Unity banking customers and their existing loans, credit ...

Super leaders take out King's Birthday honours

ELIZABETH FRY  |  TUESDAY, 11 JUN 2024
Four top superannuation specialists have been recognised in this year's honours list including incoming governor general Sam Mostyn, who recently stepped down as chair of Aware Super. Those celebrated for their work in superannuation also include ...

Australian Unity appoints general manager of social infrastructure

ANDREW MCKEAN  |  MONDAY, 20 MAY 2024
... financial services sector. He spent more than 12 years at ANZ in its Global Markets division and five years at Bank Australia as head of impact finance and treasurer. Most recently, he served as chief financial officer at Sentient Impact Group. Australian ...

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... Authorised Deposit-taking Institution (ADI)," Heartland said. "Once Heartland Australia becomes part of Heartland Bank Australia, it will be the only specialist bank provider of both reverse mortgages and livestock finance in Australia." Challenger announced ...
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