Finance and markets
ANZ's CEO and chairman have both affirmed their commitment to the bank's troubled consumer app, but behind the scenes sweeping changes have been made to the team that built it.
New returns data released by the nation's top VC firm to investors suggests the dark days for the asset class might finally be over after a difficult few years.
"They've been hitting us up for years," Anear said on the sidelines of the Tech Council's annual event after an ASX executive pitched the national bourse's wares as a home for tech companies.
A year after signalling it would end the unsafe practice, the government has yet to act, leaving consumers vulnerable despite open banking being ready to roll.
ASIC chair Joe Longo had one word for ANZ’s behaviour: grubby. Even with $240 million in penalties, it’s clear the regulator isn’t convinced the bank has learned its lesson.
New court documents reveal how EVP is attempting to recover funds tied up in the collapsed startup, and how a key defendant in the VC firm's lawsuit is pushing back.
ASIC has hit ANZ with a record $240 milion penalty over bond trading and retail missteps, as it pushes ahead with a restructure and 4,500 job cuts.
