ANZ has been forced to do a widespread review into its entire organisation after the financial regulator flagged issues stemming from the bonds trading scandal “may be present in other parts of the bank”.
The APRA is set to call time on long-serving,incompetent and conflicted directors under a planned major shake-up of standards at banks,insurers and super funds.
It feels like investors have finally woken up to the fact that bank share prices have been unfathomably overvalued for a year.
Banks upheld their “safe haven” status in the market last year,and share prices surged – but could rate cuts reverse this trend and make it tougher for banks in 2025?
ASIC chair Joe Longo said the probe into allegations ANZ traders manipulated the bond rate was one of the most complex investigations the regulator had undertaken.
As banks fight back against scammers,changes as minor as how you move a mouse on a computer screen can be a clue to a suspicious transaction.
Australia’s banking sector is in rude health as far as the public is concerned and that could potentially land it in trouble in an election year.
Nearly 40 per cent of the company’s shareholders voted against ANZ’s executive pay scheme at the company’s AGM on Thursday.
An analysis of banks’ environmental,social and governance strategies comes as a deadline looms for businesses to provide climate transition plans to one bank or risk losing finance.
ANZ chief executive Shayne Elliott will step down next year after nine years at the helm.