Today
- 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.
- 53 mins ago
- John Kehoe and Lucas Baird
This Month
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
ANZ bond scandal hits Shayne Elliott’s bonus, with all staff at risk
The bank’s chief executive said there were clearly “morale” issues in the markets division at the centre of the trading allegations as executives took pay cuts.
- Jonathan Shapiro, Lucas Baird and James Eyers
ASX jumps; ANZ profits slip; Powell says Trump can’t fire him
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
ANZ has a plan to break from the pack. It must pass these four tests
Chief executive Shayne Elliott has bet the bank’s next growth era on two big tech platforms and the Suncorp deal. But he needs to convince the market these moves are working.
- James Thomson
October
Pub test: ANZ puts a stop to risk team’s party
The bank’s non-financial risk transformation team were invited to meet during work hours at a trendy bar – but the shindig has been called off.
- Myriam Robin
- Opinion
- Big four
How the big banks got out of Canberra’s line of fire
The big four bank chiefs can stride confidently into the capital. Perhaps the supermarkets, now under attack, can learn something from their rehabilitation.
- Jonathan Shapiro
Banks blocked from factoring in rising income when assessing loans
A bank boss says it is “absurd” that regulations prevent expectations that a young, professional borrower’s income will rise after they apply for a home loan.
- Updated
- James Eyers
- 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
September
- 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
- 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
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
Post offices could be your new cash machine
Australia Post is negotiating with the big four banks to roll out smart ATMs and expanded banking services after an $88.5 million loss.
- Patrick Durkin and James Eyers
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
APRA slaps ANZ with tougher capital charge, board warning
The regulator has forced an extra $250 million capital charge on the bank as the bond trading and workplace culture scandals take a toll on the company.
- Updated
- Jonathan Shapiro and James Eyers
CFMEU trigger pulled; APRA slaps ANZ; 10 hated ASX ‘darlings’
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
APRA’s brutal hit to ANZ’s CEO and chairman’s credibility
Forget the money. APRA’s fresh capital imposition on ANZ appears designed to embarrass CEO Shayne Elliott and chairman Paul O’Sullivan.
- James Thomson
- Exclusive
- Bonds
ANZ sacks first trader amid workplace culture investigation
While the bank has taken action against staff involved in the bond trades, this is the first time an employee has been let go due to the cultural review.
- Jonathan Shapiro and John Kehoe
Pacific banking diplomacy game will evolve beyond Nauru
The government should look to provide support to Vanuatu – another “high risk” nation – as it tries to convince CBA to bank in Nauru and ward off Chinese influence.
- Lucas Baird