Covid hits Prospa as CBA, ANZ move in
Online small business lender Prospa reports a loss but says it can turn things around, as major banks encroach on the sector.
Online small business lender Prospa reports a loss but says it can turn things around, as major banks encroach on the sector.
Former Optus CEO Paul O’Sullivan’s focus will be on recovery when he takes over from David Gonski as ANZ chairman.
The ASX jumped 0.7pc to its best level since March, as CSL jumped 6.4pc and WiseTech added more than $2bn to its market value.
Parts of Australia are showing economic resilience but the trading environment remains very difficult, the banking major says.
One of Australia’s major banks has decided it will pay shareholders an interim dividend despite ongoing challenges caused by coronavirus.
Dividends have been a key upside surprise of the August reporting season
A stirring fightback from Adelaide United may not be enough for the Reds to secure an A-League finals berth.
Australia’s banks are quietly taking an axe to interest rates paid on savings accounts.
Setting his own status to WFH for the first time, ANZ CEO Shayne Elliott says things must change. But there’s no way the bank is moving to Sydney.
The latest job advertisements figures for July are further evidence the labour market recovery has lost momentum.
Bank shares jump as regulator eases its April clampdown, but APRA says banks should keep dividend payout ratios to below 50pc.
Recent events haven’t provided the best platform to launch a run for the ANZ chairman’s position.
The witness statements are from JPMorgan staff that have been granted immunity from the regulator’s case.
Risks are rising all around but the hunt for yield is well and truly on. Where does that leave bank investors used to generous dividends?
ACCC says it was trying to get to the bottom of various agreements between the banks, in a landmark cartel case.
The bank regulator will relax some of the restrictions imposed on dividends paid by the financial sector, but still wants ‘prudence’.
JPMorgan told the ACCC it didn’t believe ANZ’s raising involved cartel behaviour, despite also pressing for immunity.
The second COVID-19 lockdown in Victoria will slow the nation’s recovery from the global pandemic, according to ANZ chief executive Shayne Elliott.
Banks will extend loan deferrals to help struggling customers that were facing a financial cliff come September.
Pressure is mounting to prevent a wave of foreclosures on business loans and mortgages in the lead-up to Christmas.
It is not just the banks that have cut dividend payments. The wider damage across the ASX is just becoming evident.
ANZ has moved to increase the interest rate on some fixed-interest mortgages, prompting some speculation that rates may have hit the bottom.
As profits tumble and once sacred dividends evaporate, our bank CEOs are spinning any which way they can.
Cyber criminals taking advantage of the COVID-19 situation to hit customers and banks, says ANZ chief risk officer.
Banks are quietly preparing the way to make more money from your data.
ANZ chief Shayne Elliott warns it could take five years for employment to fully recover from the COVID-19 crisis.
ANZ will delay its decision on an interim dividend until the economy improves after its half-year cash profit crashed 60 per cent.
ANZ is firmly in the spotlight as large potential loan losses loom in the banking sector.
Business closures are ‘inevitable’ amid the economic wipe-out caused by the coronavirus.
In directing the banks to cut dividends, the prudential regulator has attacked a sacred cow.
Original URL: https://www.theaustralian.com.au/topics/anz-bank/page/29