Perth's P&N Bank and the Brisbane-based Great Southern Bank are in early-stage merger talks that could create a $30 billion customer-owned banking heavyweight.
Politicians are losing control of policy levers and lack the willpower to enact sweeping tax and policy reforms , according to WA businessman Michael Chaney.
Perth-based P&N Bank has offered more context on the recent scrapping of a multi-billion-dollar merger with Beyond Bank, while keeping the door open to other opportunities.
Our weekly appointments wrap includes Sue Wilson, John McGuire, Angela Newland, Hazel Brewer, Diana Forsyth, Jane den Hollander, Jonathan van Hazel, Wendy Pryer, Isaac Stewart, Rhiannon Barrett, Glenn Langridge, Renee Wilkinson and Siqi Liu.
One of WA's largest construction groups has avoided a dispute over allegedly defective building work after arguing the work was undertaken by an entity in liquidation.
Melbourne-based Stephen Targett has become chair-elect of banking group Police & Nurses, after Paul Gabb announced he would retire at the company's AGM in November 2020.
P&N Bank and Bendigo and Adelaide Bank are among 27 lenders, including just two of the big four banks, now eligible to offer mortgages under the federal government's first home loan deposit scheme, aimed at low and middle income earners.
The Royal Automobile Club has posted strong full-year revenue and profit figures, but the not for profit also wrote-down the value of two of its business ventures.
Perth-based P&N Bank has agreed to merge with its smaller east coast counterpart bcu, creating one of the largest customer-owned banks in Australia with $6 billion of assets.
Commercial property agency Sheffield Property Group has established an asset management division in anticipation of increased transactional activity in Perth's office market in 2019.
P&N Bank is considering a merger with regional east coast credit union bcu, which is about half the size of the Perth-based lender, to form a combined group with a $6 billion asset base and 150,000 customers across the country.
The Western Australian cooperative and mutuals sector continues to perform strongly on the national stage, with WA accounting for four of the country's top 10 co-ops and mutual enterprises, a new report has found.
Western Australian businesses contributed nearly $2 million to the two major political parties in the 2016 financial year, according to recently released disclosures, while trade unions gave about $1.1 million directly to the local branch of the Labor Party.
They don't exist to make money, but Western Australia's largest not-for-profit businesses, including HBF, RAC and St John of God Health Care, have all recorded increased revenue, according to BNiQ research.
Financial planning technology group Decimal has formed a partnership agreement Perth-based P&N Bank as it seeks to expand its service offering to a broader range of members.
Pindan Capital has bought residential land estate The Reef at Two Rocks, in a deal understood to be worth around $37 million, the third big purchase of prime coastal land in Western Australia recor
One of Western Australia's last local credit unions, Unicredit, is moving to merge with Sydney-based Teachers Mutual Bank this year, joining a long-term trend towards scale in the lending industry.
Western Australia is leading the country when it comes to the cooperative and mutual business sector, with three local operations named amid the nation's five largest.
Soft economic conditions have resulted in P&N Bank taking a significant hit to its earnings with the credit society reporting a 30 per cent fall in profit.
Perth's CBD office market is still proving to be attractive to offshore investors, with the office building at 130 Stirling Street sold to a Singaporean firm for $90 million.
Western Australian business chiefs Kevin Gallagher, Gina Rinehart and Richard Goyder were recognised in separate awards events across the country last night.
Perth-based lender P&N bank has pre-empted the Reserve Bank of Australia on interest rates, cutting the rate on its three-year fixed rate home loans to 5.1 per cent.
