Accenture Song reveals new leadership for local business
Accenture Song’s Bronwyn van de Merwe and Matt Michael will replace Mark Green assuming the ANZ business lead and Droga5 chief executive role, respectively.
Anz Bank
ASIC hunting ANZ bond data, documents show
Documents released under a freedom of information application show ASIC in August sought ANZ reports into secondary market transactions in government bonds, for which it is under scrutiny.
Dry spell: NAB bans booze ahead of silly season
Access to alcohol, previously a mainstay of midweek work functions, is now being restricted across NAB, with teams put on notice over the ban.
ANZ boss signals successor strategy is on track
ANZ chief Shayne Elliott doesn’t expect to remain in the top job to see through a multi-year integration of Suncorp’s bank, as he hinted at a potential changeover in 2025.
Big bank pays out $85m in car loan fiasco
One of Australia’s biggest banks has agreed to a whopping $85 million settlement over an alleged car loan fiasco.
Miners drag on ASX 200; Woodside, Mesoblast up
US President Joe Biden triggers oil price jump. Mesoblast top gainer. Sinopec wants price review on APLNG deal. Platinum grants Regal access for higher offer. Ratings upgrade for Cochlear. Optimism underpinning latest Bendigo Bank, UBS forecasts.
Big changes on the way for chastened ANZ
ANZ chief Shayne Elliott has vowed to make a significant number of changes to his bank’s policies and practices before the year’s end.
Share flop ruling puts ANZ in crosshairs
ASIC has warned ANZ’s board needs to carefully consider its compliance culture, after the bank’s failed appeal against a finding it misled the market over a $2.5bn share raising.
ASX 200 dips; MinRes, Woodside and Newmont lead gains
Oil, gold stocks jump on Middle East conflict escalation. Jobs to go in Country Road restructure. SiteMinder insider’s $85.4m selldown. Kennett to retire after juice company merger. CEO changes at Collins Foods, KMD. CBA shuffles top deck.
China stimulus spurs growth target: ANZ
China should come close to hitting its 5 per cent growth target for the year following the latest wide-ranging stimulus measures, experts say.
Big change to savings accounts at major bank
One of the big four banks has slashed the interest rate on one of its most popular savings accounts unless customers comply with a new condition.
Business priority as banks welcome new leadership
Australia’s top bankers are in the limelight after the anointing of Westpac’s new boss, leaving just ANZ and Commonwealth Bank to announce their future leadership line-up.
Westpac follows ANZ with unwelcome tweaks for savers
Bonus savings accounts have long caused consumer confusion, and are stingy for many savers. Now they’re changing again.
ANZ fails to stop court discovery of conduct documents
ANZ’s lawyers are warning court action against the bank, and the discovery of key documents, risks a ‘roving commission’ into the lender’s conduct.
As sun sets on The Monkeys, it’s time for Accenture Song to shine
As the Monkeys brand disappears and its last remaining founder departs from Accenture Song ANZ, what is next for the consultancy?
ANZ CEO flags pay cuts, potential booze ban
Shayne Elliott is considering a bank-wide ban on alcohol and has flagged pay consequences across multiple levels of management, as ANZ reels from ‘significant reputational damage’.
Big four bank bosses tip Feb rate cut
Two out of the four chief executives of Australia’s major banks have tipped an early-2025 cash rate cut.
ASX rises; ANZ reviews alcohol policy amid ‘massive changes’
ANZ CEO Shayne Elliott tells parliament a ban on staff drinking alcohol during work hours is ‘entirely reasonable’, after its conduct scandal. Star halts as NSW casino regulator looks at licence. Ramsay and Harvey Norman fall.
Droga5 snares The Monkeys leader as CEO for global expansion
The Monkeys co-founder and Accenture Song ANZ boss Mark Green speaks exclusively to The Growth Agenda about his new role at the helm of creative powerhouse Droga5 as it merges with The Monkeys.
APRA warns ANZ over risk management issues
ANZ has failed to satisfy the prudential regulator’s concerns over culture and ‘non-financial’ risk management problems, with the board warned to carefully consider any executive bonuses.
Diamonds’ national eligibility stands strong for NZ bound star
Netball Australia has made a call on whether its players can remain eligible for Diamonds selection if playing overseas after Donnell Wallam signed to play for New Zealand’s Mystics.
ANZ takes extra $250m penalty hit for risky culture
APRA has waded into a looming scandal over ANZ’s markets team, imposing an extra $250m penalty due to concerns about persistent risk governance and culture issues.
ANZ takes big four’s ‘bad bank’ crown
Even if the prudential regulator has pre-empted an investigation into ANZ’s bond trading, it believes the bank’s stumbles point to a broader trend.
ASX 200 trims losses late, 10-day winning streak over; Inghams tanks
APRA slaps ANZ with $250m penalty after trading scandal. Rex administrators given more time to find buyer. Elanor scraps dividend. ASIC’s win in crypto firm fight. Inghams’ profit miss, mixed guidance. Legal battles weigh on Fletcher.
Rising stress for ANZ borrowers amid rate pain
The banking major has reported more home loan customers are behind on their repayments following a raft of RBA rate hikes.
ASX 200 rises; Judo top gainer; Yancoal leads declines
Inflation will be ‘slow to decline’: RBA minutes. Dexus sinks on FY25 distribution warning. Ansell’s result better than expected. Judo tops expectations. Reliance results ‘operationally strong’. Yancoal slumps on weak first-half. Baby Bunting, Monadelphous gain.
Suncorp ‘lolly’ coming early next year
Suncorp shareholders will have to wait a bit longer for promised cash flowing from the $4.9bn sale of the insurance group’s banking business to ANZ.
Resources, banks drive ASX 200 gains
ASX 200 soars to two-week high after strong US gains. RBA boss says no rate cuts likely in the near term. ASX Ltd dips amid calls for chair exit. Banks rise on positive signs for net interest margins. Dispute settlement lifts Synlait, A2M. PWR Holdings dives.
CBA runs eye over institutional banking arm
The regulatory issues hanging over ANZ have spurred rival Commonwealth Bank to conduct a detailed review of its own institutional banking and markets arm.
ANZ changes tack with Microsoft-powered AI centre
The big four bank will put 3000 staff through a new AI upskilling program as it phases out its own answer to ChatGPT, launched just one year ago.
Original URL: https://www.theaustralian.com.au/topics/anz-bank/page/5