Maile Carnegie is trying to transform the bank’s technology,and oversee the movement of millions of customers to a new platform. It’s a mammoth undertaking.
ANZ CEO Shayne Elliot says the Reserve Bank of Australia would likely begin cutting the cash rate “later rather than earlier.”
Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors,to be revealed this week.
Australia’s business presence in our neighbourhood has been lacklustre. The federal government wants to change that.
ANZ has been battling to contain the fallout from a suite of scandals in the bank’s institutional division over the past few months.
The bank failed to overturn last year’s Federal Court judgement on a capital raising from almost a decade ago that was the subject of a criminal cartel case.
While markets are expecting at least one rate cut before the end of the year,RBA governor Michele Bullock and most of the big four banks disagree.
Three ANZ traders left the bank after an internal investigation found they used profane language in the Sydney dealing room.
The Australian Prudential Regulation Authority has expressed it has heightened concerns about ANZ’s corporate governance stemming from the bank’s bonds trading scandal,and demanded the bank holds an extra $250 million in capital until it cleans up its cultural problems.
Employee’s plea to permanently work from home because she feared contracting coronavirus has been rejected by the Fair Work Commission.
Some would call it a margin-plumping exercise – the banks prefer to think of it as margin protection. Either way,it’s good for bank profitability.