ANZ Bank
ASX:ANZ
If HSBC decides to sell its Australian retail business it would offer a high-quality, clean book — just not one to attract a big premium.
Global cross-border payments specialist Wise sees Australia as a prime market for growth with digital and existing banks receptive to its platform.
Shareholders have delivered ANZ a major blow over its corporate governance with a strike against the bank's remuneration report and sizeable hits to executive remuneration.
With protest threats and the risk of a remuneration strike at its AGM, ANZ's difficult year is far from over.
Merchant payments are a low-margin, capital-intensive game. ANZ sold its stake to Worldline for efficiency — but now it’s looking at buying it back.
Incoming ANZ chief executive Nuno Matos isn't the only winner from Shayne Elliott's departure. CBA is now the only Big Four bank not to change CEOs this year — and investors have taken notice.
External CEO appointments typically reflect a board wanting change. ANZ chair says that's not the case with Shayne Elliott's replacement, Nuno Matos.
The bank is close to launching a major project involving tokenisation of superannuation payments.
After focusing on existing investments over the last two years, ANZ's 1835i has made the first of what will be a number of transactions.
Late-term CEOs rarely report anything that would damage their legacy. Peter King, who hands a stable, if still challenged, Westpac to his successor, is no exception.
ANZ's venture arm is not dormant, its CEO says, but it has been focused on preserving its portfolio of investments in the last two years - including a stake in Airwallex. That's about to change.
Australia's high bank share prices have much to do with consistency and safe haven status. Westpac's very predictable decision to appoint Anthony Miller as its new CEO won't damage that reputation.
APRA is hiking ANZ’s capital penalty by 50% over its bond scandal, but even more damning is the regulator's frustration with the bank's slow pace on risk management and cultural issues.
Westpac was once the most enthusiastic of the big four banks on VC. Now it is taking a more nuanced approach to the fintech sector.
The major banks make consistent profits and pay solid dividends, but they seem unjustifiably expensive. Competitors are looming and winning share but their share prices are not for the faint-hearted.
The predicted cost benefits from artificial learning are overstated, according to Macquarie analysts, while regulators are also adding notes of caution to the most ambitious plans.
The millionaire factory's trading update showed it will keep the pressure on margins, with the focus now shifting to Commonwealth Bank and Bendigo Bank results — and the ongoing strength of bank shares.
As the bad news keeps piling up for ANZ, investors are watching closely to see if CEO Shayne Elliott can prevent the bank's reputation from collapsing.