ANZ Bank

As D-Day nears for ANZ’s staff, fears mount that risk team cuts could leave the bank exposed on regulatory fronts.

Leaked emails viewed by Capital Brief reveal concerns job cuts could see ANZ breach its obligations with three regulators — and a threat to escalate these concerns to the board.

The bank has quietly made a series of changes to its risk management as it looks to move on from its regulatory woes.

ANZ's CEO is moving quickly to assert his authority over the underperforming bank, and thousands of jobs are likely to go as a result.

ANZ employees are on edge with an ongoing restructure now expected to cut thousands of employees from its underperforming retail division.

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.

ANZ’s plan to buy back its payments business stake has gained fresh urgency after its partner Worldline was linked to a scandal involving high-risk clients.

Maile Carnegie’s departure leaves ANZ searching for a new retail chief — and adds fuel to a fierce war for talent across the big four banks.

The bank is set to launch “amie”, a multi-agent AI chatbot developed with AWS, aiming to deliver real-time market insights and boost client engagement.

The major financial services regulators are becoming more vocal and taking more onerous action, citing increasing complacency on cultural and compliance issues.

Commonwealth Bank CEO Matt Comyn's success in building a strong team inevitably means they will be targeted by rivals, given only one can eventually become chief executive.

The move signals CEO Anthony Miller’s push to sharpen Westpac’s customer focus, as banks renew efforts to rebuild trust after the Royal Commission.

Matos begins as ANZ CEO with a focus on risk, delivery and continuity, aiming to speed up key projects without shifting core strategy.

Elliott exits the bank with no plans for another executive role or board seats, while reflecting on major achievements and some missteps in his tenure.

The massive wave of post-Hayne remediation may be complete, but banks continue to grapple with new issues — costing valuable time and hundreds of millions of dollars.

Long-term bank investors seem untroubled by scandals in the industry, whether it be royal commissions, money laundering, management ructions or regulatory penalties.

ANZ announced today that incoming CEO Nuno Matos will start early. He joins at a critical stage for tech transformation in banking, with Westpac and CBA both accelerating their own projects.

The recent flurry of management changes at Australia's big banks feeds into the regulator's desire to have more oversight of board and executive appointments and succession planning.

Australia's biggest banks are increasingly looking outside their own walls to fill the most senior roles. That's not how it's supposed to work.

Westpac has poached National Australia Bank's CFO, triggering a wave of executive changes at a time when NAB is under pressure in business banking.

Fintech investment in Australia climbed in 2024, according to KPMG. But under the headline figures, deal volume is shrinking and startups are struggling.

Just over a year ago, AMP’s digital bank announcement was overshadowed by a margin crunch. Last week, it launched on time and on budget, surprising many.

Sources told Capital Brief the new arrangements, which were negotiated under tight non-disclosure agreements, would lead to about a 30% increase in costs for lenders.