Rate cuts may be delayed: ANZ
Interest rate cuts may be delayed, says ANZ chief executive Shayne Elliott, who has warned lending controls remain too tight to allow average people to obtain home loans.
Anz Bank
Green project approvals plummet
The rate of approvals for energy projects has plummeted in the past 12 months, a major report warns, casting doubt on the nation’s ability to meet Anthony Albanese’s 43 per cent emissions reductions target.
ANZ pays $57.5m to settle credit card class action
ANZ will pay $57.5m to settle a class action after it was accused of incorrectly slugging some customers interest rate charges over a nine-year period.
ASX 200 rises; McGrath, MMA lift
MMA Offshore agrees to Singapore bid. Crown to learn licence fate tomorrow. Knight Frank, Bayleys to buy McGrath. Star in seesaw session. Eureka rejects Aspen bid. Perseus wins OreCorp race.
House prices to rise as RBA keeps rates at 4.35pc
Further signs of a slowdown in the economy has seen the RBA keep rates unchanged for a third meeting in a row, as experts say the decision could drive house prices even higher.
Market too optimistic on rates: ANZ chief
The market is expecting the RBA to cut rates this year, but ANZ boss Shayne Elliott still sees potential for the opposite to occur.
ASX edges into green; iron ore rebounds
Vitamins group Nature’s Care in receivership. ANZ boss says rate cuts may not come this year. Iron ore futures back above $US100. China economic data slightly better than expected. Superloop drops.
APRA removes NAB’s $500m culture penalty
The prudential regulator has removed a $500m capital add-on it slapped on NAB five years ago, but keeps quiet on Westpac and ANZ penalties.
ASX 200 inches up; tech stocks drop
Tigerlily collapses for second time. Annual GDP growth slowest since 2000, excluding pandemic. Qantas fined $250,000 for discrimination. Iress down after dismissing takeover talk.
ACCC drops Suncorp Bank appeal
The ACCC has dropped its opposition to ANZ’s buyout of Suncorp Bank after being defeated at the Australian Competition Tribunal.
ASX slightly lower; Healius, gold stocks gain
No ACCC appeal on ANZ/Suncorp ruling. China’s 2024 growth target of 5 per cent. Healius up on review, CEO exit. Gold miners rally, lithium names fall. Medibank, NIB up. Bitcoin above $US68,000.
Tech chiefs reveal how to leave your staff rosters to AI
This tech won’t forget who’s away, who can’t work nights and to give part-timers a minimum of 12 hours a week. Make your life as a manager a whole lot easier.
New chair at ANZ’s New Zealand banking ops
Former New Zealand PM John Key is leaving ANZ Bank’s board and will be replaced by Scott St John.
ASX edges up; Woodside, Coles, Reece gain
Woodside cuts dividend on profit drop. Coles boss says customers worried, but defends profit. Johns Lyng tanks despite upgrade. Adbri up on CRH buyout deal. Citic ‘assessing’ Alcoa’s Alumina bid.
Possible Optus job cuts; CSR in takeover deal
CSR agrees to takeover by French group Saint-Gobain. Optus braces for potential redundancies. EnergyAustralia’s losses narrow. Superloop labels ABB offer ‘opportunistic’. PwC boss stays until 2026.
Accolade Wines tipped for merger
A tie-up between Accolade Wines and either Australian Vintage or Pernod Ricard ANZ is looking likely.
PwC tax leaks partner avoids sanctions
A former PwC partner at the centre of the tax leaks scandal will avoid sanctions from CA ANZ due to a ‘loophole’ preventing investigations into former members.
ANZ paying a lot of money for a banking ‘bit player’
The Competition Tribunal thinks Suncorp is an insignificant piece of the banking puzzle so why then would ANZ pay $4.9bn for it?
Embarrassing defeat for the ACCC
The ACCC argued that the ANZ should spend its billions of dollars to offer improved deals to consumers but that’s not how the Competition Tribunal sees it.
Job losses could follow Suncorp bank sale to ANZ
Suncorp’s $4.9bn bank sale to ANZ could lead to more redundancies and further branch closures despite promises of a multi-billion dollar boon to the Queensland economy.
Original URL: https://www.theaustralian.com.au/topics/anz-bank/page/10