Today
NZ regulators probe banks over government bond trading
As ASIC’s investigation into suspected manipulation in the government bond market heats up, New Zealand’s corporate watchdog is making its own inquiries.
- Jonathan Shapiro
ANZ can finally get under the hood of Suncorp Bank
ANZ chief Shayne Elliott said the $4.9 billion deal, which formally completed on Wednesday, will allow it to “compete more effectively across the Australian market”.
- James Eyers
- Opinion
- Chanticleer
743 days later, ANZ has little to cheer as Suncorp deal closes
After more than two years, ANZ’s $4.9 billion acquisition of Suncorp is finally complete. But the mood inside the two companies is wildly different.
- James Thomson
This Month
Super funds put ANZ board, executives on notice over trading scandal
The intervention came as brokers began to warn that the alleged misconduct could lead to regulators forcing ANZ to hold more capital than its rivals.
- Jonathan Shapiro
- Analysis
- Big four
Could ANZ’s trading scandal trigger executive accountability laws?
ASIC declined to say whether its ANZ investigation involved the Financial Accountability Regime. But an ANZ update this week was speaking the language.
- Updated
- James Eyers
- Updated
- Big four
ANZ says bond trading scandal fallout could extend to the very top
The ANZ board may be forced to take action against the bank’s chief executive Shayne Elliott and other senior managers over the misleading trading data submitted to the federal government and investigations into its workplace culture.
- Updated
- Jonathan Shapiro
- Opinion
- Chanticleer
ANZ boss Elliott makes big call on bonds scandal
If Shayne Elliott is right, he’ll get out of this with a docked pay-packet. If not, the bank’s succession planning and strategy could be in ruins.
- Anthony Macdonald
Cabinet reshuffle looms; ANZ scandal ramps up; Ugly market outlook
Read everything that’s happened in the news so far today.
- Opinion
- Big four
ANZ’s bond trading scandal is now too serious to contain
An update on Thursday reveals that the bank and its board are under no illusions about the consequences they may face from the escalating markets scandal.
- Jonathan Shapiro
ANZ’s alleged bond trade manipulation is ‘disturbing’
MST Marquee veteran analyst Brian Johnson says the growing scandal in the bank’s markets division “could be yet a significant issue” for investors.
- Jonathan Shapiro
- Opinion
- Bonds
ANZ’s board could be on the precipice of a bank-defining scandal
Insiders believe ANZ has played with this arcane-but-lucrative corner of the market for years – it could be the worst modern scandal in ANZ’s history.
- Aaron Patrick
June
- Opinion
- Chanticleer
Chalmers turns ANZ’s Suncorp bid into once-in-a-generation deal
When you look at the commitments ANZ is making to buy Suncorp, you have to wonder: if it is competition we’re after, is it competition we’ve got?
- Updated
- Anthony Macdonald
- Updated
- Mergers & acquisitions
Chalmers approves ANZ’s $4.9b Suncorp deal
The decision paves the way for the biggest merger in banking since the Commonwealth Bank took out ailing Bankwest during the global financial crisis in 2008.
- Updated
- James Eyers
Retailers have bigger worries than possible interest rate rise
Nick Scali and Harvey Norman say they are getting squeezed from all directions. A rate rise would add to their woes but other costs are doing more damage.
- Carrie LaFrenz and James Eyers
Lending rules ‘locking out’ house buyers: ANZ CEO
The banks have become increasingly strident in their criticism of lending rules, warning it is preventing access to home loans except for the wealthy.
- James Eyers
Damning Tiwi Island judgment makes bank CEOs wary of in-person visits
Major lenders had promised to send bosses to meet traditional owners near Santos’ Barossa gas project. The Federal Court has made them reconsider.
- James Eyers
May
Why businesses are pulling billions in deposits from NAB
It is the largest month-to-month fall in deposits at NAB in at least five years, according to new Australian Prudential Regulation Authority data.
- Updated
- Lucas Baird
Bank users face extra $370m in fees to keep rural branches open
The costings come as a Senate probe into the impact of branch closures on regional communities prepares to report on Friday.
- Updated
- Lucas Baird
ANZ pushes to reverse fine for $2.5b cap raising blunder
The Federal Court ultimately levelled a $900,000 fine against the financial institution for not informing investors about the shortfall.
- Lucas Baird
ANZ wants to revisit Bank@Post deal amid scrutiny of branch closures
It is the only major bank not to allow customers to access services through Australia Post. Rural branch closures will be a focus of a Senate report this week.
- James Eyers