ANZ Bank
ANZ boss pledges action over inflated bonds allegations
ANZ boss Shayne Elliott says allegations that the bank overstated the value of government bonds it traded by more than $50 billion will be treated with “utmost seriousness”.
- by Millie Muroi
Latest
ANZ sanctioned for charging fees to accounts of dead customers
Despite first identifying the issue in early 2022, ANZ took nearly two years to start its customer remediation program, the banking regulator said.
- by Millie Muroi
Updated
Mergers & acquisitions
Treasurer gives the tick to $4.9b ANZ-Suncorp deal
The transaction is the biggest banking deal in Australia since Westpac bought St George in 2008.
- by Clancy Yeates
From mortgage checks to scam-busting: How your bank is using AI
Banking giants have plans for artificial intelligence that go much further than the often clunky chatbots used to answer customer queries.
- by Clancy Yeates
Updated
Earnings season
ANZ boss warns of widening financial stress as profits slide 7 per cent
ANZ chief executive Shayne Elliott said there were “very real stresses” in the economy, but that much of it was outside the banking system.
- by Millie Muroi
Banks expected to report more than $15b in half-year profits
Despite continued pressure on bank profit margins, analysts expect the big four to post relatively resilient earnings over the next two weeks.
- by Millie Muroi
Exclusive
Liberal Party
Influential Liberal Michael Kroger at centre of heated corporate coup
Kroger is embroiled in a battle for control over the $52 million Mayfield Childcare fuelled in part by a contentious deal three years ago.
- by Paul Sakkal and Sumeyya Ilanbey
Scammers are becoming patient: Banks say social media giants need to step up
Experts warn scammers are targeting victims through drawn-out investment and romance scams – and say social media platforms to step up prevention.
- by Millie Muroi
Bank profit margin crunch to continue as customers shift deposits
Bank margins will continue to dwindle in the first half of this financial year, analysts say, as customers move their savings into higher-interest offerings.
- by Millie Muroi
How the ‘millionaires factory’ shook up Australia’s big four banks
A landmark ruling underlines how Macquarie Group, better known for investment banking, is making a serious play in the less racy retail banking sector.
- by Millie Muroi
Updated
World markets
Mining and energy stocks drag ASX lower on big day for earnings reports
Mining and energy stocks weighed heavily on the Australian sharemarket, dragging the index sharply into negative territory after it briefly pared early losses.
- by Sumeyya Ilanbey