Australia's ANZ Group to settle credit cards class action for $37.4 mln: Australia's ANZ Group said on Monday it had agreed to settle a class action suit related ...
reuters.com/business/finance/australias-anz-group-settle-credit-cards-class-action-374-mln-2024-03-24/
China's bonds boom as investors face 'asset famine': A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China's financial ...
reuters.com/markets/rates-bonds/chinas-bonds-boom-investors-face-asset-famine-2024-03-19/
Warning to first-home buyers as ANZ gives property investors a leg-up: Rules change will give landlords tens of thousands of dollars more buying power.
oneroof.co.nz/news/warning-to-first-home-buyers-as-anz-gives-property-investors-a-leg-up-45182
Australian-owned banks can't explain 'persistently high profits', says Commerce Commission report
newsroom.co.nz/2024/03/21/commerce-commission-delivers-draft-report-on-personal-banking-competition/
ANZ jobs on the line: More than a dozen NZ roles face chop as biggest bank moves work to Manila
nzherald.co.nz/nz/anz-jobs-on-the-line-more-than-a-dozen-nz-roles-face-chop-as-biggest-bank-moves-work-to-manila/KUOHMP7JKRDYBEEP2GUT3H5OEE/
PTI’s estranged member Akbar S. Babar has urged Interior Minister Mohsin Naqvi to conduct an inquiry into the PTI’s alleged “secret” bank accounts abroad ...
Australian-owned banks can't explain 'persistently high profits', says Commerce Commission report
newsroom.co.nz/2024/03/21/commerce-commission-delivers-draft-report-on-personal-banking-competition/
ANZ Aims to Open Operation at India’s GIFT Special Economic Zone: ANZ Group Holdings Ltd. is seeking to open an operation in India’s GIFT International Financial ...
bloomberg.com/news/articles/2024-03-27/anz-aims-to-open-operation-at-india-s-gift-special-economic-zone
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Access to banking proving to be one of fintech's biggest roadblocks: Getting bank accounts - and managing to keep them - is constraining innovation in New ...
newsroom.co.nz/2024/03/27/access-to-banking-proving-to-be-one-of-fintechs-biggest-roadblocks/
Avalanche and Chainlink collaborate on Australasian on-chain asset settlement : ANZ and Chainlink collaborate to leverage Avalanche and Ethereum networks for ...
cointelegraph.com/news/avalanche-chainlink-collaborate-on-chain-asset-settlement
As Rupee appreciates, importers take advantage of unexpected up move: The rupee has been in a narrow 3 paisa range, having reached a more than six-month high on ...
business-standard.com/finance/news/as-rupee-appreciates-importers-take-advantage-of-unexpected-up-move-124031200259_1.html
Australia's ANZ sells 16.5% interest in Malaysian lender AmBank for $444 mln: Australia's fourth-biggest bank ANZ Group said on Wednesday it had agreed to sell ...
reuters.com/markets/deals/australias-anz-sells-165-interest-malaysias-ambank-2024-03-05/
ASB, ANZ drop some home loan rates after OCR decision: Major banks ASB and ANZ are cutting some home lending rates today. Last week’s Official Cash Rate (OCR) ...
nzherald.co.nz/business/asb-drops-some-home-loan-rates/Z7VUR6SXGFHTPIGKVXRQ63SFZA/
ANZ's $3.2 bln Suncorp bank unit buyout decision due on Tuesday
reut.rs/3T3bJQ1
Quick Glance: Everton climbs out of relegation zone after draw
- Amadou Onana's goal secures Everton a draw against Crystal Palace.
- The draw lifts Everton out of the Premier League relegation zone.
- Jordan Ayew leads Palace in the second half post Roy Hodgson's resignation.
- Palace is five points clear of relegation, with Everton and Luton tied in points.
ANZ Bank test drives GitHub Copilot – and finds AI does give a helping hand: Expert Python programmers saw the most benefit
theregister.com/2024/02/10/anz_bank_github_copilot/
John Key retires as ANZ New Zealand chair: The bank said Sir John would also retire as a director of its Australian parent, ANZ Group.
rnz.co.nz/news/business/510277/john-key-retires-as-anz-new-zealand-chair
Major bank’s sneaky cash move: One of the big four banks has been slammed for removing cash services from multiple Sydney branches.
news.com.au/finance/business/banking/anz-bank-secretly-scraps-cash-services-at-multiple-city-locations/news-story/521160df9a0d755f0a15ecec98ab2e91
ANZ responds to Reserve Bank’s OCR call: ‘We got this one totally wrong’: ANZ’s big rate hike call didn’t come to pass. The Reserve Bank kept the Official Cash ...
nzherald.co.nz/business/anz-responds-to-reserve-banks-ocr-call-we-got-this-one-totally-wrong/4IRA5DDRHBDPHINXMUT22SMZTQ/
Australia's ANZ rises as first-quarter revenue in line with year-ago average: Australia's ANZ Group (ANZ.AX) said on Monday its first-quarter group revenue was ...
reuters.com/business/finance/aussie-lender-anzs-first-quarter-revenue-line-with-year-ago-average-2024-02-11/
D-day looms for $4.9 billion ANZ-Suncorp deal: A final ruling on the biggest deal in Australian banking since Westpac bought St George in 2008 is looming.
smh.com.au/business/banking-and-finance/d-day-looms-for-4-9-billion-anz-suncorp-deal-20240216-p5f5lc.html
“His intention was to gamble and pay off his debt to have a normal life, but it didn’t pan out that way” 🔗 tinyurl.com/2xek22wk
Australia's ANZ plans to cut 170 business banking jobs, union says: Australia's fourth-biggest bank ANZ Group (ANZ.AX) plans to cut 170 jobs at its commercial ...
reuters.com/business/finance/australias-anz-plans-cut-170-business-banking-jobs-union-says-2024-02-13/
Aboriginal pensioner charged close to $10k in one year for home insurance on 'asbestos cottage'
abc.net.au/news/2024-02-04/home-insurance-rural-loyalty-tax-questions-after-pensioners-case/103408474
Grim warning: ANZ picks two more Reserve Bank rate hikes ahead: Strong employment data has prompted ANZ economists to change their forecast for the Reserve ...
nzherald.co.nz/business/grim-warning-anz-picks-two-more-reserve-bank-rate-hikes-ahead/KK35EIGCIVBUDIRFRJYUABAHPE/
Australia’s Stage 3 Tax Cuts Worth Two Rate Cuts to Economy, ANZ Says: Australia’s tax cuts due to begin on July 1 will add around 0.4 percentage point to gross ...
bloomberg.com/news/articles/2024-01-23/australia-s-stage-3-tax-cuts-worth-two-rate-cuts-to-economy-anz-says
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Australia's ANZ sells 16% interest in AmBank: The Australia and New Zealand Banking Group Ltd's sale is expected to reduce its shareholding in AmBank to 5.2% ...
freemalaysiatoday.com/category/business/2024/03/06/australias-anz-sells-16-interest-in-ambank/
Auckland scam victim horrified nine others lost $800k after he reported $1m fraud to banks, police
nzherald.co.nz/nz/auckland-scam-victim-horrified-nine-others-lost-800k-after-he-reported-1m-fraud-to-banks-police/M6GUR6ZDOBHM3LZTK2KFSQKFTI/
RBNZ Expected to Keep Interest Rates Steady While Retaining Threat to Hike
bloomberg.com/news/articles/2024-02-26/rbnz-seen-holding-rates-steady-while-retaining-threat-to-hike
Emerging markets - Stocks in Asia rising on Nvidia results, Asian FX also inches higher
thestar.com.my/aseanplus/aseanplus-news/2024/02/22/emerging-markets---stocks-in-asia-rising-on-nvidia-results-asian-fx-also-inches-higher
ANZ Wins Court Fight to Overturn Block on Deal to Buy Suncorp Banking Arm: ANZ Group Holdings Ltd. won its fight to overturn a competition watchdog decision to ...
bloomberg.com/news/articles/2024-02-19/anz-wins-court-fight-to-overturn-block-on-suncorp-bank-deal-lsti1wrn
Heat fading from mortgage war as banks protect margins: After an outbreak of fierce competition in the $2.1 trillion mortgage market, analysts are pointing to ...
smh.com.au/business/banking-and-finance/heat-fading-from-mortgage-war-as-banks-protect-margins-20240122-p5ez4u.html
Strong jobs data has interest rate hikes back on the table: Business and Investing: Possibility of 25 basis point hikes in February and April ...
newsroom.co.nz/2024/02/12/strong-jobs-data-has-interest-rate-hikes-back-on-the-table/
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NAB updates cash rate call, joins other big four banks in forecasting hold for February
9news.com.au/national/aussies-given-new-glimmer-of-hope-cost-of-living-crisis-cash-rates-nab-big-four-banks-rba/04054969-ce21-4cf4-9e3c-09ecfcf4e136
ANZ misses investment scam warning from Banking Ombudsman after email caught in bank’s spam filter
nzherald.co.nz/nz/anz-misses-investment-scam-warning-from-banking-ombudsman-after-email-caught-in-banks-spam-filter/D52VAOH22BACDB75KLYYNP4YIQ/
Bushfire survivor denied access to cash after debit card lost to blaze: Mark Norton tried to get cash out from his bank during business hours when he had a ...
9news.com.au/national/bushfire-survivor-unable-to-access-cash-after-he-lost-debit-card-in-fire/94b0f817-71be-437f-969d-6c391f56a9db
7-Eleven’s big cash move rocks customers: 7-Eleven has become the latest business making it harder for Australians to obtain cash amid a concerted effort to ...
news.com.au/finance/business/retail/7eleven-convenience-stores-phasing-out-cash-withdrawal-for-customers/news-story/8a21f6485070bf7ee19391070c402c46
ANZ boss warns of tough economic year ahead, more customers to face financial difficulty
theage.com.au/business/banking-and-finance/anz-boss-warns-of-tough-economic-year-ahead-more-customers-to-face-financial-difficulty-20231219-p5eslf.html
‘No longer’: ANZ’s cashless move shocks: EXCLUSIVE
news.com.au/finance/business/banking/no-longer-anz-ditches-cash-in-some-branches/news-story/56e1572f93eed4afdd835123aa193bce
ANZ appeals court decision over troubled 2015 share placement worth $1.7 bln
reuters.com/business/finance/anz-appeals-court-decision-over-troubled-2015-share-placement-worth-17-bln-2023-12-14/
Thought it was hard enough to buy a home? It just got worse: Renters, hopeful home buyers and those with large mortgages are feeling the pinch ...
smh.com.au/property/news/thought-it-was-hard-enough-to-buy-a-home-it-just-got-worse-20231127-p5en4e.html
ANZ readies high stakes appeal to keep $4.9b Suncorp deal alive: ANZ will this week challenge the watchdog’s concerns about entrenching a banking oligopoly ...
smh.com.au/business/banking-and-finance/anz-readies-high-stakes-appeal-to-keep-4-9b-suncorp-deal-alive-20231201-p5eofv.html
Mortgages up, but Australians miss out on interest on deposits: ACCC: The competition watchdog said the government should consider making it much easier to ...
theage.com.au/politics/federal/mortgages-up-but-australians-miss-out-on-interest-on-deposits-accc-20231215-p5erqp.html
Why there’s no quick fix to the housing affordability crisis: The metrics around affordability as outlined by this week’s report from ANZ and CoreLogic are ...
smh.com.au/business/the-economy/why-there-s-no-quick-fix-to-the-housing-affordability-crisis-20231128-p5eng3.html
ANZ fined $900k over failure to disclose truth behind capital raising venture in 2015
9news.com.au/national/anz-to-pay-massive-fine-over-continuous-disclosure-failure/ba225daa-186b-4b5b-b9d2-326dae7d50ef
‘Our money’: ANZ slammed over withdrawals: EXCLUSIVE
news.com.au/finance/business/banking/customers-lash-out-at-anz-over-withholding-their-money/news-story/a47e9cef913d2fd2802cc4667653e07c
ANZ’s work from home spray to staff: ANZ has strongly hinted to staff that their pay packets could take a hit if they fail to meet the “behavioural expectation” ...
news.com.au/finance/work/at-work/behavioural-expectation-anzs-pay-warning-to-staff-failing-to-meet-50-per-cent-office-requirement/news-story/d743a76c02b4a69f4e2afd5561f9947d
ANZ posts record $7.4bn profit despite surge in mortgage holders falling behind : Bank reports 14% increase in year-on-year profits and says Australians are ...
theguardian.com/australia-news/2023/nov/13/anz-posts-record-74bn-profit-despite-surge-in-mortgage-holders-falling-behind
Quick Glance: ANZ Achieves Record $7.4bn Profit Amid Mortgage Challenges
- ANZ has achieved a record annual cash profit of $7.4bn, marked by a surge in the number of mortgage holders falling behind.
- The profit, up by 14% in the 12 months to the end of September, adds to a string of strong results reported by Australia’s major banks benefiting from interest rate differences.
- Actual hardship figures remained modest, and ANZ has increased the amount of money set aside for loan losses by $245m to acknowledge the impact of higher interest rates on customers.
- However, profit growth in 2024 is likely to be more challenging, signaled by falling net interest margins, higher credit provision charges, and a likely slowdown in lending, according to credit agency Moody’s.
Former staff blow lid off ANZ’s claims: EXCLUSIVE
news.com.au/finance/business/banking/former-anz-staff-back-whistleblower-claims/news-story/578245831ad2e75f431c1e7f8bf46023
ANZ Bank opens new front in mortgage wars: ANZ Bank is adding lower-cost digital home loans to its wider arsenal as it looks to grab a bigger share of the $2 ...
smh.com.au/business/banking-and-finance/anz-bank-opens-new-front-in-mortgage-wars-20231120-p5eleo.html
Bank bosses cut loose in a war of words: Now that all the major banks have reported their 2023 profits, the conventional notion that Australia’s big four lenders ...
smh.com.au/business/banking-and-finance/bank-bosses-cut-loose-in-a-war-of-words-20231114-p5ejx5.html
How the climate credentials of Australia’s big banks stack up: ANZ stands out as ‘laggard’ while Commonwealth Bank and Westpac have restrictions on facilitating ...
theguardian.com/australia-news/2023/nov/26/how-the-climate-credentials-of-australias-big-banks-stack-up
EFF on Rand manipulation: Revoke guilty banks licences, prosecute directors and seize their assets
iol.co.za/news/south-africa/eff-on-rand-manipulation-revoke-guilty-banks-licences-prosecute-directors-and-seize-their-assets-97856ff3-1de4-4cbc-838d-bf301026e37c
Rhw unemployment rate rose to 3.7 per cent in October, despite the creation of an estimated 55,000 new jobs.
ANZ's senior economist Blair Chapman says the ... Show more
Which households are feeling the most financial stress?: As interest rates and the cost of living have soared, so have worries about financial stress for many ...
smh.com.au/business/the-economy/which-households-are-feeling-the-most-financial-stress-20231113-p5ejo6.html
Market wary of ANZ’s $7.4b profit amid home loan battle: ANZ boss Shayne Elliott warned of a tougher outlook amid geopolitical risks and said the worst was yet ...
smh.com.au/business/banking-and-finance/anz-boss-says-households-remain-robust-posts-record-7-4b-profit-20231112-p5ejd6.html
Quick Glance: ANZ Bank's $7.4b Profit Amid Home Loan Battle
- Investor concerns arise over competition dampening ANZ Bank's profits.
- CEO Shayne Elliott plans cautious home loan growth despite intense competition and margin pressure.
- Elliott expresses optimism about the proposed takeover of Suncorp Bank, aiming for low-risk home lending growth.
- ANZ's net interest margin dropped due to heightened competition, impacting the bank's profitability.
Commonwealth Bank Profit Flat Due to Competition for Deposits: Commonwealth Bank of Australia’s profit was flat in the first quarter due to lower net interest ...
bloomberg.com/news/articles/2023-11-13/commonwealth-bank-profit-flat-due-to-competition-for-deposits
‘Higher for longer’: Horror Cup Day prediction: Interest rates are set to rise on Melbourne Cup Day and the consensus of experts now leans towards rates staying ...
news.com.au/finance/money/higher-for-longer-experts-bet-the-house-on-a-melbourne-cup-rate-rise/news-story/92fcd7faaf1c518f7a1e1d5d06c552fa
New Zealand Commodity Export Prices Extend Gains on Dairy, Dollar: New Zealand commodity export prices rose for a third month as a softer local currency and ...
bloomberg.com/news/articles/2023-11-06/new-zealand-commodity-prices-extend-gains-on-dairy-dollar
Three of big four banks move to hike rates after RBA decision: It has taken little time for the banks to pass on the rate increase after the RBA hiked rates to ...
9news.com.au/finance/interest-rates-australia-big-four-banks-increase-standard-variable-mortgage-home-loan-rates-november-rba-decision/5ef7a971-fb6b-4f78-8e55-d670992596bb
New Qantas boss Vanessa Hudson will show up to staff roast: While Alan Joyce wasn’t too keen on the Qantas Revue, a variety show where the airline’s employees ...
smh.com.au/cbd/new-qantas-boss-vanessa-hudson-will-show-up-to-staff-roast-20231022-p5ee3v.html
Australian Bank Tells Staff to Return to Office or Face Pay Cut: ANZ Group Holdings Ltd.’s most recent work-from-home directive has drawn fire from a union that ...
bloomberg.com/news/articles/2023-11-22/work-from-home-reminder-at-anz-draws-backlash-from-banker-union
Australian bank warns of lower bonuses if staff do not come into office: ANZ says employees are expected in workplace at least 50% of the time
ft.com/content/3eeb78b3-1601-45b2-af97-b331d3ae5595
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All big four banks forecast interest rate hike in November: The big four banks have revised their forecasts on the Reserve Bank's interest rate decision in ...
9news.com.au/national/all-big-four-banks-forecast-interest-rate-hike-in-november/b3c45a78-2a53-492b-ab3a-5945b9bad44d
Aussie lender ANZ loses case over troubled 2015 share placement worth $1.6 bln: Australia's ANZ Group (ANZ.AX) on Friday lost a landmark lawsuit that found it ...
reuters.com/business/finance/aussie-lender-anz-loses-case-over-troubled-2015-share-placement-worth-16-bln-2023-10-13/
New Zealand Economists Trim Inflation Forecasts on Monthly Data: Some New Zealand economists have trimmed their fourth-quarter inflation forecasts after the ...
bloomberg.com/news/articles/2023-11-15/new-zealand-economists-trim-inflation-forecasts-on-monthly-data
CBA mulls next move in mortgage war after losing share to rivals: Commonwealth Bank chair Paul O’Malley says the nation’s biggest mortgage lender plans to defend ...
smh.com.au/business/banking-and-finance/cba-mulls-next-move-in-mortgage-war-after-losing-share-to-rivals-20231011-p5ebdz.html
Australia News Today: Cyberattack Closes Ports, Tuvalu Pact, ANZ profit: Good morning and welcome back, it's Ainsley here with the news you need to kick off ...
bloomberg.com/news/newsletters/2023-11-12/australia-news-today-cyberattack-closes-ports-tuvalu-pact-anz-profit
Australia News Today: RBA's Kent, Cheng Lei, Xiao Qian, ANZ CEO Elliott: Hi, it's Garfield here in Sydney, where we have another full day of events ...
bloomberg.com/news/newsletters/2023-10-11/australia-news-today-rba-s-kent-cheng-lei-xiao-qian-anz-ceo-elliott
Banks cash in on buoyant property and jobs market: NAB, Westpac and ANZ Bank have ruled off a financial year that was better than feared ...
theage.com.au/business/banking-and-finance/banks-cash-in-on-buoyant-property-and-jobs-market-20230929-p5e8pc.html
ANZ breached disclosure rules in $2.5b share sale: Federal Court justice Mark Moshinsky ruled ANZ failed to notify investors of information that was both ...
theage.com.au/business/banking-and-finance/anz-breached-disclosure-rules-in-2-5b-share-sale-20231013-p5ec4q.html
ANZ Bank CEO Shayne Elliott Says Singapore Is Winning Out Over Hong Kong: ANZ Group Holdings Ltd. Chief Executive Officer Shayne Elliott said his customers moved ...
bloomberg.com/news/articles/2023-10-11/singapore-is-winning-out-over-hong-kong-says-anz-bank-ceo
A hawkish Reserve Bank rates decision will be bad for borrowers, good for savers: Business & investing: ANZ Bank economists expecting rate rise before ...
newsroom.co.nz/pro/page/business-investing-mon-2-october
Woolies, ANZ customers left scrambling after simultaneous software outages: Stores resorted to handwritten signs explaining the situation.
9news.com.au/national/eftpos-outage-woolies-customers-left-scrambling-after-machines-go-offline/3955a6d5-18a5-4a8c-8002-dbdbe60098e7
ANZ fined $15 million for misleading credit card customers then charging them fees and interest
9news.com.au/finance/anz-15-million-dollar-fine-misleading-customers-inaccurate-available-funds-credit-cards/e4ca6e2e-519f-4f49-aa30-474c073d5916
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