ASX Announcements
Application for quotation of securities - BEN
Appendix 2A (Application for Quotation of Securities)
- May 6, 2024
- 8 pages
April
Star inquiry fallout spreads to Bendigo bank board
Wednesday’s hearing was interrupted when Star’s solicitors released documents to the inquiry related to its former CFO, Christina Katsibouba.
- Updated
- Zoe Samios
‘Two way street’: Umpire rules WFH push ignores face-to-face benefits
The Fair Work Commission has backed staff returning to the office for collaboration after dismissing a bank employee’s bid to work from home to care for his family.
- David Marin-Guzman
- Opinion
- Regulation
Regional banks dying a slow death
The country’s smaller banks have a bleak future due to higher cost of funds, excessive capital requirements, costly technology upgrades and lack of scale. But will regulators do anything about it?
- Tony Boyd
February
ACCC’s Bendigo/Suncorp theory had ‘significant challenges’: court
A takeover of Suncorp’s bank from its fellow regional lender Bendigo & Adelaide Bank would face material execution risks, the Australian Competition Tribunal said.
- Lucas Baird, James Eyers and Liam Walsh
ANZ/Suncorp deal ‘not good for competition or consumers’: Bendigo
The Australian Competition Tribunal will on Tuesday deliver its verdict on the $4.9 billion takeover, with the deal hanging in limbo for close to two years.
- Lucas Baird
Loan competition among largest banks ‘diminishing’: Citi
Ahead of earning season, brokers say the major lenders, along with Macquarie, are consolidating their market share and growing faster than the broader sector.
- James Eyers
January
Alleged money laundering ring funnelled cash into locked crypto wallet
Millions of dollars in customer funds are likely held in a secured crypto wallet “containing a substantial amount of tether tokens”, administrators said.
- Lucas Baird
CBA, NAB to disappoint investors as lending costs surge: Citi
The investment bank’s brokers say investors have put “the cart before the horse” after bank share prices lifted on the possibility of rate cuts this year.
- Updated
- Lucas Baird
Company at centre of money laundering case had $15m in user funds
Administrators told creditors of Chang Jiang Financial that he did not have access to most financial records as they were still held by police.
- Lucas Baird
December 2023
The fate of ANZ and Suncorp deal is in the hands of these three people
The high-stakes legal battle over whether the $4.9 billion transaction should proceed is half done. And so far, it is unclear who’s on top.
- James Eyers
ANZ argues plenty of competition in bid to reverse blocked deal
The bank’s lawyers told a tribunal that the ACCC made an error in blocking the deal, and changes to the lending sector had only boosted competition.
- Lucas Baird
Bendigo says it can make ‘compelling’ offer for Suncorp Bank
The Australian Competition Tribunal’s hearing, starting on Monday, will reconsider the ACCC’s rejection of ANZ’s takeover of Suncorp Bank.
- James Eyers
November 2023
Australia’s top corporate givers revealed
Woolworths, Bendigo and Adelaide Bank and health insurer NIB were among the companies to record a surge in philanthropy in 2023.
- Sally Patten
October 2023
NRMA to offer home loans funded by Bendigo Bank
Like Qantas, the IAG-owned insurer will distribute mortgages to its customers via an origination platform created by fintech Tic:Toc, funded by Bendigo Bank.
- James Eyers
‘Shiny shopfronts’ led police to bust $10b Chinese crime ring
Seven people have been arrested in connection to an alleged Chinese money laundering ring whose operators were said to lead lives of luxury.
- Patrick Durkin
New Bendigo chairman not giving up on Queensland dream
David Foster, a former boss of Suncorp Bank, has taken the chairman’s seat at Bendigo and Adelaide Bank, and remains keen to grow in regional Queensland.
- James Eyers
September 2023
Bendigo puts Homesafe on the block but no one is biting
Bendigo Bank’s quietly been trying to sell a unit called Homesafe. But bidders are baulking at the valuation.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August 2023
Over-regulation strangling smaller bank competition: Bligh
The ABA chief told the House economics committee 130 different regulatory changes are in train over the next 12 to 18 months.
- Lucas Baird and James Eyers
ANZ launches Suncorp merger appeal
ANZ said it expects its $4.9 billion acquisition of Suncorp’s banking arm to be completed by the middle of next year after it formally lodged an appeal.
- Lucas Baird
Bendigo-Suncorp talks ‘not appropriate’ amid appeal to $4.9b ANZ deal
“There is a process to play out there, and I don’t think it is appropriate to while that process is in place,” Bendigo boss Marnie Baker said.
- Lucas Baird
