ANZ employees are on edge with an ongoing restructure now expected to cut thousands of employees from its underperforming retail division.
Jack Derwin
Markets and finance correspondent
Jack has worked as a business reporter for the better part of a decade, filing from Mexico, Spain, New Zealand and the Pacific. He has previously reported for The Asahi Shimbun, the second largest newspaper in the world, Business Insider and 7News amongst others.
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In an internal note, ANZ's relatively new CEO has personally apologised for the email mishap that has generated intense scrutiny inside and outside of his bank.
ANZ's bungled email informing staff they'd been fired before planned 'outcome conversations' had taken place tells us a lot about the state of play at the bank — and in the broader jobs market.
Employees were prematurely made aware of their impending redundancies via a generic corporate missive.
CBA is not just the market leader in banking — it has also become one of the most prominent voices on public policy in all of Australian business. But taking on that role is not without risk.
Guzman y Gomez hit $1 billion in sales and declared its first dividend, but a 20% share slump, soft guidance and looming sell-downs have investors questioning its heat.
The market leading bank has fired off a letter to the RBA despite failing to convince the peak industry lobby and its rivals to join it as co-signatories.
In a confidential letter obtained by this publication, the leading bank attempts to rally opposition to the key proposals which it says could "jeopardise" the payments system.
CSL’s $20 billion wipeout after a shock restructure announcement dragged the ASX lower, as investors punished the biotech with its steepest fall in six years.
The Nasdaq-listed, UK broker has refuted claims it is facing financial difficulties as it grows its local footprint amid staff exits.
Commonwealth Bank’s AI push is putting pressure on rivals still battling tech debt, as banks weigh how fast they can turn hype into real operational gains.
Exclusive research suggests Australia's top companies are cooling on M&A despite a record breaking run for equity markets.
A ticker debacle, ASIC probe and sinking listings aren’t moving ASX boss Helen Lofthouse, who is digging in for at least three more years at the helm.
The most senior figure in corporate Australia has taken a pointed swipe at big tech ahead of next week's economic roundtable, despite his own company's embrace of AI.
The market darling's results will take centre stage, but a bet on an ASX minnow has set tongues wagging at the smaller end of the market.
CBA's share price has bewildered many in the market over the past two years, and Wednesday's performance was a case in point. But the bank's CEO is not getting caught up in it.
Eight years after promising no mistakes, Matt Comyn has CBA leading the ASX as rivals face upheaval, risky transformations and cultural resets.
With its share price sinking and mistakes piling up, the ASX is facing criticism over governance, accountability and a lack of meaningful change.
In the first test of its platform, the FinClear-owned private company exchange is ready to finalise trades to the tune of “tens of millions” of dollars.
Ownership Matters' Dean Paastch has described proposals by prominent investment banker John Wylie to improve corporate Australia's risk culture as a "no-brainer".
Metrics Credit Partners is planning a new wave of funds to expand its private credit offerings, even as regulatory scrutiny and risk concerns continue to grow.
Macquarie’s AGM served up pastries, protests and pressure, as shareholders grilled the company on soft results, leadership and climate contradictions.
Andrew Parsons did not hold back on two major data centre stocks at a conference hosted by investment incubator Pinnacle in Sydney this week.
Speaking on stage at the Australian Banking Association conference, Irvine addressed scrutiny over his leadership style and personal conduct.
