Banking
ANZ boss Nuno Matos is "not playing games", as he made clear during a confident, cost-focused strategy update today. For now, it seems the market is buying it.
Ahead of the bank's strategy day, there was a big question mark over its tech platform ANZ Plus. But CEO Nuno Matos says the plan is "the right one".
Most big banks have been poaching talent from each other. ANZ has gone abroad.
The Nuno Matos turnaround story at ANZ is beginning to unfold. The question is whether investors will believe it.
HSBC has witnessed a 70% uplift in Australian corporates doing business across ASEAN markets, the Middle East, and India in a shift influenced by both the US and China.
Afterpay and Airwallex are two of Australia’s biggest startup successes, but Up Bank founder Dom Pym says venture capital rules are choking investment in the next wave of fintechs.
The RBA’s push to cut card fees isn’t a threat to security or innovation. it’s a long overdue step to ease costs for small business and boost competition.
New leaked documents reveal ANZ declined to fulfil funding requests for teams involved in ASIC compliance, a move that may deepen a rift between its risk functions and management.
ANZ has again hired the consultant that issued positive reports on its risk culture at the same time the bank was embroiled in the bond trading scandal.
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.
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.
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.
Experts say the ANZ job cuts furore shows big employers can no longer ignore online forums like Reddit, and in fact should embrace them to detect early warning signs of deeper issues.
Westpac warns that cutting interchange fees will raise costs for consumers and give global tech firms a free ride. Instead, it wants a regulated 30bps cap for small merchants.
The new CEO said the bank must simplify and focus on fewer priorities to meet its APRA obligations, after thousands of job cuts raised compliance concerns.
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.
