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.
May
Shayne Elliott final goodbye with ANZ friends
The departing CEO took hundreds of selfies as he left for the final time.
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.
April
Inside the ‘great frustrations’ between Shayne Elliott and ANZ board
The veteran banker is finishing as chief executive next month – after nearly a decade, regulatory reprimands and plenty of tension at the top.
ANZ review found staff raised concerns and middle managers failed them
Oliver Wyman’s detailed report into the cultural problems within the bank’s markets unit has singled out weak leaders who failed to supervise powerful traders.
APRA lashes ANZ’s risk culture, raises capital penalty to $1b
A separate review of the bank found “weaknesses in culture, leadership, and infrastructure could lead to material issues in the future”.
ANZ has a trust problem – you can bank on it
Paul O’Sullivan has done what no bank chairman ever wants to do – agree to an enforceable undertaking with the regulator.
March
Feud over Australian banks a factor in RBNZ governor’s abrupt exit
Adrian Orr had been concerned that in the event of a financial calamity, Australian lenders – by far the dominant banks in New Zealand – would retreat back home.
January
ANZ sidelines itself from booming government bond sale market
Poor morale and a decline in bonuses brought on by conduct issues has also led to the departure of staff including the bank’s top-ranked credit trading team.
Banker showdown at the Australian Open men’s final
At the tennis, Jannik Sinner triumphed over Alexander Zverev as three duelling investment banks put on their own show.
CEOs reveal how to fix the productivity problem
Business reckons it’s ready to invest to help bolster living standards for all Australians. It just needs some policy help.
December 2024
ASX dives 2pc; Shayne Elliott’s $3m bonus hit; JobKeeper ‘saved jobs’
Read everything that’s happened in the news so far today.
Elliott’s bonus hit shows how grumpy ANZ investors really are
Local fund managers are clearly unhappy with the board’s approach to risk management. Shayne Elliott is wearing a lot of their grief.
Shayne Elliott gives up $3m in bonuses as ANZ cops first pay strike
Shareholders have handed the bank its first strike against remuneration in six years, furious about the handling of the crisis engulfing its trading floors.
AGM strike threat looms for ANZ over CEO Elliott’s pay
The bank’s board is grappling with an investor revolt over executive remuneration due to a lack of “genuine accountability” following the bond scandal.
Shayne Elliott’s rented Corolla wasn’t enough for ANZ in the end
The career banker took the top job in 2016, unwinding a failed regional expansion and wowing shareholders. Those shareholders are a bit less wowed now.
The pluses and minuses of Elliott’s ANZ legacy
How the outgoing CEO’s tenure is regarded will hinge on the long-term outcomes of his two signature projects.