The head of Australia's biggest bank calls for ongoing government stimulus and predicts a long and uneven economic recovery.
Australia's biggest bank bosses are gearing up for a surge in failing companies when government supports are withdrawn.
ANZ Bank CEO Shayne Elliott says the needs of retiree shareholders influenced the decision to pay a'prudent and modest'dividend at a time of high uncertainty.
A senior ANZ Bank executive has cautioned that businesses will remain hesitant about taking on debt,despite welcome efforts by the government to shore up confidence.
ANZ Bank chief Shayne Elliott says about half the borrowers who deferred loan repayments in response to the pandemic have not suffered a drop in income.
ANZ Bank chief executive Shayne Elliott has defended suspending dividends,saying it is in shareholders'interests to wait until the grim economic toll of pandemic is clearer.
After years of scandal,banks are now key members of"Team Australia".
ANZ Bank chief executive Shayne Elliott has warned the coronavirus crisis will leave an indelible mark on the national psyche for generations to come.
Treasurer Josh Frydenberg urges Australians to demand the maximum help from banks with their home loans and wants banks to"stretch"to help out.
ANZ CEO Shayne Elliott says the bank is well-placed to support distressed customers through the coronavirus downturn,which he expects to be over in less than six months.
ANZ chairman David Gonski says he can't promise shareholders there won't be any surprises as the bank works with AUSTRAC to ensure it is compliant with anti-money laundering laws.