ANZ eyes $1bn in cost cuts
ANZ CEO Shayne Elliott wants to slice $1 billion in costs from the bank over the next three years.
ANZ CEO Shayne Elliott wants to slice $1 billion in costs from the bank over the next three years.
ANZ has raised first-half cash profit to a better-than-expected $3.56bn, but flagged tougher times ahead.
Peer-to-peer lender Marketlend has taken aim at an online business lending code of conduct, labelling it “window dressing”.
Westpac Bank has raised the ire of the Finance Sector Union as it exits the financial planning business.
Yellow Brick Road has blamed regulation and the Hayne royal commission for a slump in loan volumes.
Specialist lender Credabl is targeting medical, dental and veterinary professionals.
The Australian Shareholders’ Association has vowed to vote against AMP’s pay report.
Small-caps manager Adam Smith Asset Management has become the latest local investment firm to consider closing its doors.
The Morrison government has told mortgage brokers an ALP win will accelerate the property slowdown.
The $6bn bill faced by the big four banks and AMP to rectify wrongdoing and repay customers will climb, analysts say.
Original URL: https://www.theaustralian.com.au/author/joyce-moullakis/page/175