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This Month
ANZ’s Nuno Matos smokes on the First Nations pipe
The bank’s new Indigenous strategy comes after years of charging unknown fees against customers in remote areas.
Citi’s new top equity banker shows how memories fade
John McLean returns from Singapore, wholly moved on from Citi’s $2.5bn shambolic raising for ANZ.
From mortgages to mining copper, here’s how big companies are using AI
Flood and cyclone victims are just some of the people the country’s biggest businesses are helping with the use of artificial intelligence.
May
ANZ CEO Nuno Matos on his plans for a cultural overhaul at the bank
Staff who don’t understand the fundamental importance of risk controls should find another industry to work in, he says.
Inheritocracy bad for nation; How Allan Myers rules; AI could kill WFH
Read everything that’s happened in the news so far today.
‘I was very confident’: Meet Nuno Matos, ANZ’s Mr Fix It
After getting the US Justice Department off HSBC’s back, the Lisbon-born banker wants to take the smallest of Australia’s big four banks to “a different level”.
BioScout goes global using AI to protect farms, vineyards from disease
The venture capital-backed start-up is expanding internationally after its founders turned scientific research into an increasingly lucrative agricultural tech player.
Real-time payments’ early adopters reap rewards
With so many competing priorities and limited resources, banks are taking a measured approach to implementing instant payments tech.
Armaguard, banks pick Deloitte to create utility pricing for cash
The biggest users of cash want contracts with the Lindsay Fox company to be regulated like other essential services such as water and energy.
Big banks brace for a wave of executive changes, starting next week
Westpac’s board and chief executive Anthony Miller are set to decide who will lead its retail banking division, with domestic and international candidates considered.
ANZ tech boss touts AI agents to lift bankers’ productivity
ANZ is working with Salesforce to roll out AI agents that can help bankers prepare for client meetings, says the bank’s technology chief Gerard Florian
Ley seeks Nats deal; Minns declares disaster; ASX stocks to watch
Read everything that’s happened in the news so far today.
Big four banks pass on RBA cut in full
But ANZ, NAB and CBA said customers would need to contact them to actually reduce their direct-debit repayments.
Imagine a cheaper mortgage if you went straight to the bank, not a broker
Banks pay broker 65 basis points upfront commission, which on a $1 million mortgage is $6500. What if banks cut out the broker and shared savings with the borrower?
Shayne Elliott final goodbye with ANZ friends
The departing CEO took hundreds of selfies as he left for the final time.
New ANZ boss Matos is in a hurry. That’s good news for customers
Nuno Matos wants to speed up the rollout of the bank’s Plus platform, and says there will be “no shortcuts” on values and behaviour on his watch.
ANZ’s Matos era to begin with a letter from Elliott
When the bank’s new boss opens the top drawer of his desk on Monday morning, he’ll find a letter from his predecessor, before starting meetings and visits.
Shayne Elliott leaves ANZ with mixed legacy, and challenges ahead
Suncorp’s contribution supported ANZ’s cash profit of $3.56 billion in the first half, as Elliott bowed out after almost a decade at the helm.
Kooyong race tightens; How Zoe Daniel lost; Fed’s game of chicken
Read everything that’s happened in the news so far today.
Banking’s era of turmoil is over. What comes next should worry us all
Outgoing ANZ boss Shayne Elliott says ANZ is a safer, better bank than when he started a decade ago. But he admits safer banks are not necessarily better for the country.