ANZ Bank
ASX:ANZ
The corporate cop will comfortably eclipse its previous enforcement record, FOI data shows, after a string of big court wins.
Less than eight years after the royal commission, banks are eyeing a return to financial advice as regulators signal they may be ready to move on.
Bank bosses and regulators were keen to warn that multiple threats are escalating in an increasingly chaotic world. But a series of mishaps saw their message disrupted.
After a scathing royal commission pushed banks to offload their wealth and advice businesses almost a decade ago, there is growing talk of a comeback.
New CEO Nuno Matos got the market’s attention when he cut 3,500 jobs and laid out a series of ambitious targets for the bank. One year into the job and he says he can do more.
New CEO Nuno Matos got the market’s attention when he cut 3,500 jobs and laid out a series of ambitious targets for the bank. One year into the job and he says he can do more.
Head of retail banking Carolyn McCann has conceded the division’s cost base is too high relative to its peers, as she unveiled her new strategy.
The chief executive of ANZ says, whatever its merits, the government’s tax plan is having the desired effect on property investment.
The major lenders have now all called time on negative gearing.
It echoes similar moves by Westpac and Macquarie, with CBA and ANZ still reviewing their policies in the wake of the government’s negative gearing ban.
Small rivals fear they will be squeezed out of regional markets by the same big institutions which have abandoned them.
The federal budget has thrown Australia’s biggest banks into a frenzy as they begin restricting property investors.
Negative gearing changes are set to test the big banks, with analysts warning mortgage growth and margins could come under pressure.
As the majors taper their risk appetite, Shemara Wikramanayake says Macquarie is ready to press its advantage in retail banking.
The iPhone maker has taken the gloves off in a major escalation of its long running feud with Australia’s largest bank and most valuable company.
Andrew Irvine says NAB’s cloud foundations can push it past bigger rivals, as its business bank holds ground against CBA’s assault.
ANZ is ahead of its return targets and investors are onside, but CEO Nuno Matos still can’t escape one annoying question: are we there yet?
Two of Australia’s largest banks have declined to participate in an industry trial as the sector divides under government pressure.
After a year defined by cuts, tech and risk, Nuno Matos now has to prove ANZ’s cultural reset is more than a mandate to slash and burn.
The big four bank has turned to Nuno Matos’ former employer HSBC yet again for another senior hire.
After a bumper run, bank valuations look stretched as analysts warn earnings, margins and bad debts may leave little room for further gains.
What first looked like a Commonwealth Bank problem is shaping up as a broader fraud risk tied to broker and referrer channels across the majors.
Australia’s biggest banks have quietly been restricting access to referrer programs and investing in fraud detection as risks rise.
The financial crimes regulator has issued a fresh warning to banks, as loan referral programs face fresh scrutiny in the wake of an apparent outbreak in fraud.
