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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/
Australia's ANZ Group to settle credit cards class action for $37.4 mln
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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
Warning to first-home buyers as ANZ gives property investors a leg-up
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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/
Australian-owned banks can't explain 'persistently high ...
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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 ...
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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/
Australian-owned banks can't explain 'persistently high ...
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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/
Access to banking proving to be one of fintech's biggest roadblocks
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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
Avalanche and Chainlink collaborate on Australasian on-chain asset ...
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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/
Australia's ANZ sells 16.5% interest in Malaysian lender AmBank for $444 ...
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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/
ASB, ANZ drop some home loan rates after OCR decision
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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
John Key retires as ANZ New Zealand chair
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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
Major bank’s sneaky cash move
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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/
ANZ responds to Reserve Bank’s OCR call: ‘We got this one totally wrong’
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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
D-day looms for $4.9 billion ANZ-Suncorp deal
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“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
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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/
Australia's ANZ plans to cut 170 business banking jobs, union says
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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
Aboriginal pensioner charged close to $10k in one year for home insurance ...
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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/
Grim warning: ANZ picks two more Reserve Bank rate hikes ahead
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The number of companies to adopt the move has grown. Full story: bit.ly/3HtpTDI
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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/
Australia's ANZ sells 16% interest in AmBank
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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
ANZ Wins Court Fight to Overturn Block on Deal to Buy Suncorp Banking Arm
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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
Heat fading from mortgage war as banks protect margins
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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/
Strong jobs data has interest rate hikes back on the table
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The amount of money in bank term deposits has hit $213 billion - up 36 per cent in three years. An ANZ bank executive explains if it will keep paying rates ... Show more
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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
Bushfire survivor denied access to cash after debit card lost to blaze
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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
7-Eleven’s big cash move rocks customers
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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
Thought it was hard enough to buy a home? It just got worse
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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
ANZ readies high stakes appeal to keep $4.9b Suncorp deal alive
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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
Mortgages up, but Australians miss out on interest on deposits: ACCC
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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
Why there’s no quick fix to the housing affordability crisis
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The big four banks have unveiled RECORD profit numbers, as the Reserve Bank announced a 13th interest rate hike in 18 months ... Show more
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The Reserve Bank has left its cash rate target on hold at 4.35 per cent. ANZ Senior Economist Adelaide Timbrell believes the RBA will not lift the cash rate ... Show more
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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’s work from home spray to staff
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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
ANZ posts record $7.4bn profit despite surge in mortgage holders falling ...
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.
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Some employers are using endorsements to coax workers back to the office while others including ANZ are threatening to cut staff bonuses if they don't return.
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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
ANZ Bank opens new front in mortgage wars
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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
Bank bosses cut loose in a war of words
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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
How the climate credentials of Australia’s big banks stack up
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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
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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
Which households are feeling the most financial stress?
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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
Market wary of ANZ’s $7.4b profit amid home loan battle
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.
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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
Commonwealth Bank Profit Flat Due to Competition for Deposits
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‘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
‘Higher for longer’: Horror Cup Day prediction
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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
New Zealand Commodity Export Prices Extend Gains on Dairy, Dollar
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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
Three of big four banks move to hike rates after RBA decision
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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
New Qantas boss Vanessa Hudson will show up to staff roast
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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 Tells Staff to Return to Office or Face Pay Cut
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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
All big four banks forecast interest rate hike in November
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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
New Zealand Economists Trim Inflation Forecasts on Monthly Data
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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
CBA mulls next move in mortgage war after losing share to rivals
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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: Cyberattack Closes Ports, Tuvalu Pact, ANZ profit
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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
Australia News Today: RBA's Kent, Cheng Lei, Xiao Qian ...
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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
Banks cash in on buoyant property and jobs market
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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 breached disclosure rules in $2.5b share sale
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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
ANZ Bank CEO Shayne Elliott Says Singapore Is Winning Out Over Hong Kong
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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
A hawkish Reserve Bank rates decision will be bad for borrowers ...
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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
Woolies, ANZ customers left scrambling after simultaneous software outages