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.
- Jonathan Shapiro
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.
- Updated
- Myriam Robin and Zoe Samios
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.
- Updated
- James Thomson and Anthony Macdonald
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.
- Opinion
- Chanticleer
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.
- James Thomson
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.
- Lucas Baird
- Exclusive
- Executive pay
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.
- Lucas Baird
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.
- Updated
- Jonathan Shapiro
- Opinion
- The AFR View
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.
- The AFR View
- Updated
- Executive shake-up
ANZ investors see new chief executive Nuno Matos as a clean slate
The bank appointed the former HSBC wealth boss to succeed Shayne Elliott over internal candidates. The Portuguese banker, 57, will take up the job next year.
- Updated
- Lucas Baird and James Eyers
- Opinion
- Chanticleer
What forced ANZ board to move on Elliott
Facing the prospect of an embarrassing protest vote at next week’s AGM, ANZ’s board is ringing the changes.
- Anthony Macdonald
‘Like a star football player’: meet ANZ’s next CEO
Born in Portugal with a globetrotting career spanning Peru, Brazil, Mexico and Hong Kong, Nuno Matos’ route to Australia has been an unlikely one.
- Lucas Baird
ANZ’s risky new CEO; Assads ‘like mafia’; ‘Shoebox’ fetches $850k
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
ANZ’s left-field CEO pick piles risk upon risk
A new chief executive with no Australian experience will spend years finishing Shayne Elliott’s signature projects. It’s a perilous sandwich for investors.
- James Thomson
- Exclusive
- Big four
ANZ’s Elliott to resign after nine years as chief executive
The career banker arrived at ANZ in 2009 and was appointed to the top job in 2016. His departure is expected to be announced as early as this week.
- Jonathan Shapiro and Kylar Loussikian
Australia’s 50 highest-paid CEOs in 2024 revealed
Macquarie Group’s Shemara Wikramanayake is Australia’s best-paid CEO for the fourth year in a row.
- Patrick Durkin
November 2024
ANZ forced to clarify Elliott testimony on bond trading scandal
The bank’s government relations head has expanded on comments made by chief executive Shayne Elliott in a parliamentary grilling.
- Updated
- Jonathan Shapiro
- Exclusive
- Big four
Bankers split as Chalmers kicks off branch levy negotiations
Treasurer Jim Chalmers has kick-started face-to-face negotiations with bank CEOs about a potential new $350 million levy, but bankers are split over the proposal.
- John Kehoe and Lucas Baird
ANZ creates new roles to fix risk issues
ANZ wants to hire a new risk manager and a head of regulatory relations as it begins the long task of shedding its $750 million capital charge.
- Jonathan Shapiro
- Updated
- Earnings season
ANZ’s Elliott warns Trump policies could mean later, smaller rate cuts
The bank’s chief executive said local borrowers were resilient despite an increase in overdue loan payments, with most tax cuts being saved instead of spent.
- Updated
- Lucas Baird and James Eyers