ASX Announcements
Yesterday
- Updated
- Courts
ANZ loses appeal over botched $2.5b capital raising
The bank was attempting to have a ruling thrown out that it kept the market in the dark during a big institutional shortfall almost a decade ago.
- Updated
- Lucas Baird
PM condemns Iran; Vance debates Walz; CBA shuffles ranks
Read everything that’s happened in the news so far today.
September
Macquarie leads the pack in end-of-year mortgage scramble
Official figures show the financial services giant’s loan book rose at four times the pace of its big bank rivals in August.
- Lucas Baird
- Exclusive
- Home loans
Own home becoming ‘just for rich’: Coalition weighs lending overhaul
Housing has become a key battleground for the major parties, as record prices and high interest rates combine to significantly reduce affordability.
- Michael Read
Open banking limps to life with ANZ customers seeking full picture
ANZ is the first major bank to use open banking to aggregate multiple accounts through its app. Ultimately, it will be used as a tool to lure new customers.
- James Eyers
ASIC sets off the crypto fire alarm, Canberra will have to respond
Delegates to this week’s Summit pleaded for clarity about how digital assets are defined under corporate laws.
- James Eyers
China stimulus hopes rise as PBoC cuts rate, flags briefing
The People’s Bank of China lowered the 14-day reverse repurchase rate, catching up with reductions initiated in July, and flagged further moves on Tuesday.
- Wenjin Lv
Cashback promos quietly return as battle for home loans intensifies
Some of Australia’s biggest banks are once again offering upfront cash incentives to lure and retain borrowers.
- Lucas Baird
Pocket money apps are popular, but are they worth it?
What to know about Spriggy and Kit – and where to look for an even better deal.
- Michelle Bowes
China slowdown spurs urgent calls for stimulus
Home prices fell at the fastest pace since 2014, reflecting weak confidence that’s weighing on demand and threatening to draw China into a deflationary spiral.
- Jing Li
- Investigation
- Insolvency
The Beverly Hills wannabes and the betrayal of Ballarat
The collapse of a small-town gold mine has revealed how millions of dollars flowed to a network of Chinese businessmen. Now liquidators want the money back.
- Peter Ker
- Exclusive
- Bonds
ANZ boss dismisses trading floor scandal as ‘conspiracy theory’
Shayne Elliott told staff issues within the trading team were unrelated, blaming the media for conflating them.
- Lucas Baird and Jonathan Shapiro
CBA and ANZ keep it all in the family
The face of ANZ is the husband of its chief competitor’s advertising chief. The chances!
- Mark Di Stefano
- Exclusive
- Big four
APRA repeatedly warned ANZ on risk and culture failings, letters show
Confidential correspondence shows the regulator told executives almost two years ago that it was “not yet apparent” who would deliver a risk overhaul.
- Jonathan Shapiro and Lucas Baird
Foreign investors want clarity on retooled FIRB
Federal Treasurer Jim Chalmers’ safeguards for higher-risk foreign investment proposals have been met with confusion overseas.
- Vesna Poljak
- Opinion
- Investing
How Australia’s ‘magnificent 10’ contributed to returns over 20 years
How costly was failing to pick the ASX’s 10 top performers over the past two decades? Vanguard did the sums
- Carole Okigbo
Macquarie’s $1.9b mortgage assault pushes big four
The nation’s largest lenders are ready to ramp up competition for home borrowers.
- Lucas Baird
- Opinion
- Big four
What scandal? Elliott doubles down on minimising bond trading fallout
Shayne Elliott is steadfast in his position that ANZ hasn’t done all that much wrong. It’s a familiar stance, but this time he better be right.
- Jonathan Shapiro
August
We have suffered reputational damage from bond scandal: ANZ boss
Shayne Elliott says he’s prepared to face the consequences of the fallout of the bond trading and culture scandal as he defended the bank’s actions.
- Lucas Baird and Jonathan Shapiro
APRA wants ANZ bonus scalps over bond scandal
John Lonsdale expects ANZ’s board to apply a new remuneration standard, which came into force last year, to impose pay penalties over “non-financial risks”.
- James Eyers, Jonathan Shapiro, Hannah Wootton and Lucas Baird