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Change of Director’s Interest Notice
This Month
Slash stamp duty to encourage retirees to downsize: ING
The bank’s local chief executive, Mel Evans, said shorter-term solutions to housing affordability were needed until more new properties hit the market.
February
Bank profit falls send uneasy investors into panic mode
NAB was the second major bank in three days to warn of weaker profits. An 8 per cent share price fall raised investors’ concerns the sector has begun to derate.
The ASX queries Bendigo Bank’s disclosures after share price tumble
The regional lender surprised the market when it announced far lower earnings than expected. The bank says it is well within the market operator’s guidelines.
What we learnt: Investors just handed out the biggest beating of profit season
Bendigo Bank takes a beating after its asset binge, BlueScope frets about China’s health and Lendlease puts its house in order.
Surge in Bendigo Bank lending crunches margins, sends shares sliding
The slump in key profitability measures caught the market off guard, with brokers asking the lender’s chief executive whether the company was being transparent.
Westpac boss supports RBA rate cut, says it will deliver needed relief
The bank said its quarterly net profit of $1.7 billion was lower due to some notable items, while its profit margin also contracted due to competition.
January
Banks would face new loan regime under Coalition amid ESG pushback
Peter Dutton says bankers on multimillion-dollar pay packets who restrict lending on environmental grounds are out of step with ordinary Australians.
December 2024
Credit to Chalmers for non-partisan RBA picks
The Coalition’s fears that a Labor treasurer would stack the new board with political appointees have not been borne out. The crucial independence and credibility of the central bank have been preserved.
November 2024
Macquarie, Westpac and CBA big losers from $350m rural bank levy
Confidential details shared with industry participants show the size of the cost to the biggest lenders as Treasury attempts to keep regional branches open.
New Bendigo boss’ first move? Raising mortgage rates for Up customers
Richard Fennell said the digital challenger brand would lift interest rates for borrowers in the coming days. It is the cheapest offering in the market.
October 2024
You’ll thank this bank for making you wait hours for your savings
This neo-bank wants to do money differently, and teach its customers how to take control of their budgets.
September 2024
David Foster out of Bendigo and Adelaide after bruising Star inquiry
He had been on the bank’s board since 2019, and was its chairman until April when he went on leave amid a NSW inquiry into the casino, where he was also chair.
August 2024
What I learnt from 30 CEOs in 30 days
The profit season has delivered a confusing picture of an economy stuck between cycles. Here are 30 nuggets to help investors navigate this tricky environment.
The 6-minute mortgage: lender unveils new weapon in home loan wars
The lender reported a decline in profit for the past 12 months. And rivals are threatening to re-heat the intense battle for borrowers that cut into margins.
Why NIB caught a post-COVID cold
The private health insurer feels the heat on margins, Bendigo & Adelaide Bank gets a grilling on costs and Dan Murphy’s owner Endeavour finds some wins from AI.
July 2024
Homesafe lands with local asset manager after Bendigo exit
Relative to comparable markets like Canada and the UK, “Homesafe has only started to scratch the surface of the service it can provide,” according to Federation founder, Cameron Brownjohn.
Bendigo Bank’s David Foster resides on terra firma
The man will plot with his CEO to have casino regulators sued. But hold out on putting Aboriginal ownership front and centre? Rubbish.
Trump’s ‘dangerous precedent’; ANZ lashed for fees; Bank names new CEO
Read everything that’s happened in the news so far today.
The underestimated bank boss with the strategic handball
Bendigo and Adelaide Bank’s Marnie Baker was underestimated on arrival. She leaves well regarded, albeit having failed to answer the big structural question over her bank.
Bendigo Bank names new CEO
Marnie Baker is bowing out after six years at the helm of the regional lender, elevating Bendigo’s chief customer officer Richard Fennell to be its next CEO.