ASX Announcements
2024 AGM Notice of Meeting & Proxy Form
Notice of Annual General Meeting, Proxy Form
- Oct 1, 2024
- 24 pages
September
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.
- Lucas Baird
August
- Opinion
- Chanticleer
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.
- Updated
- James Thomson
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.
- Lucas Baird and James Eyers
- Results Wrap
- Chanticleer
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.
- James Thomson and Anthony Macdonald
July
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Myriam Robin
Trump’s ‘dangerous precedent’; ANZ lashed for fees; Bank names new CEO
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
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.
- Anthony Macdonald
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.
- James Eyers
May
Rally hits a wall | Canva’s Wall St plan | Four market worries
Read everything that’s happened in the news so far today.
- Updated
Why Bendigo Bank shares are up sharply this month
Bendigo’s senior management briefed analysts and investors on a new four-year strategy, which includes a new lending platform and push into business lending.
- James Eyers
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