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.
Anz Bank
New NAB boss raises the bar
In her first interview as head of NAB’s corporate and institutional bank, Cathryn Carver talks culture, customers and growing the business.
ANZ forges ahead with investor survey amid bond trading scandal
ANZ’s investor relations team is going ahead with a shareholder survey of perceptions of the bank which is expected to spur a raft responses about its handling of the bond trading scandal.
ASX slips; property, miners under pressure
The local sharemarket ends slightly in the red, as investors ditch property, mining and energy stocks. RBA ‘won’t hesitate’ to life rates if necessary, Bullock says. ACCC can appeal CFMEU/Hutchinson court decision.
ANZ in a rush with new Qld man
ANZ has a new top man in Queensland following its recently completed $4.9bn acquisition of Suncorp Bank.
Revealed: Regulators ‘saw warning signs’ over ANZ’s bond trading
A freedom of information request shows ASIC and the AOFM saw ‘warning signs’ with a $14bn bond placement by ANZ months before launching a formal investigation in October 2023.
ANZ trader given whistleblower status as ASIC probe heats up
A trader who tried to raise the alarm about inflated turnover data and other conduct in ANZ’s markets division has been granted whistleblower status.
ANZ boss may have to hand back millions
APRA will be monitoring the bank board’s actions as ASIC investigates potential market manipulation, with CEO Shayne Elliott and institutional boss Mark Whelan facing a big bonus hit.
SA demands answers from ANZ on bond trades
Hot on the heels of Queensland halting business with ANZ, now the SA government has demanded certainty from the scandal-engulfed bank over trades in the state’s debt.
ANZ loses bond deals as trading scandal probed
Queensland has pulled ANZ from its bond deals, while other state governments are closely reviewing its involvement, as the market braces for the bank’s trading scandal to spread.
Queensland Firebirds look across the ditch for new head coach
After a turbulent season, the Queensland Firebirds have announced a new head coach who hopes to lead them ‘back to the top’.
‘They’re going to lose this case against ANZ’: ASIC critic warns
The corporate regulator will be ‘outgunned’ on its high-stakes investigation into ANZ’s bond trading scandal, a legal expert has warned.
ANZ trading scandal: How it happened
ANZ is grappling with a three-part crisis which could stretch into next year as it faces a probe led by a corporate cop desperate to shed a perception that it’s weak.
ANZ trading woes could trigger firestorm at the top
Beyond the bond-trading desk, if financial regulator ASIC uncovers more problems within ANZ then chief executive Shayne Elliott could find himself on shaky ground.
Scandal puts ANZ succession plans in disarray
Multiple investigations into ANZ’s trading division have likely pushed out the bank’s succession plans for long-serving CEO Shayne Elliott, fund managers say.
Backlash: ANZ chief facing heat over trades
ANZ boss Shayne Elliott has been plunged into crisis over a trading scandal that is threatening to cause substantial reputational damage to the big four bank.
ASX 200 hits two-week low; Fortescue, Macquarie fall
Senate committee to grill PwC CEO Kevin Burrowes, former bosses again. Commodities sink despite China rate cut. Fortescue misses guidance. ANZ suspends, sacks staff as market manipulation probe continues. Macquarie’s flat first quarter.
ASIC warned over ANZ-AOFM bonds investigation
The corporate regulator was demanding detailed information on government bond transactions involving ANZ in January this year, as it sought to unravel a contentious $14bn bond placement.
ANZ treating trading allegations ‘with utmost seriousness’
The board of the big four bank says it is ‘acutely focused’ on the trading scandal and conduct matters.
Gold is good for all right now
No, the Olympics haven’t started just yet, but investors around the world are going for the yellow metal, either as a hedge or an outright win.
ANZ probe clouds Elliott exit, succession plan
An investigation by the corporate regulator into alleged market manipulation at ANZ may accelerate chief Shayne Elliott’s departure.
ASIC probes ANZ staff over bond manipulation
The corporate watchdog has begun informally interviewing staff from ANZ’s institutional division over unusual trading activity.
Legal action call as low-income earners wrongly charged millions
Australia’s biggest banks face legal action and will have to repay $28m for systemically charged high fees to those customers who could least afford it, an ASIC investigation has revealed.
Trump presidency might be a godsend for lithium
Amid rising China trade tensions, the return of Donald Trump to the White House could reignite lithium prices amid a strong supply response to the battery metal’s recent collapse.
ANZ vows to take action on rate rigging allegations
The big four bank has brought in two law firms to uncover any evidence of wrongdoing amid allegations of the manipulation of bond prices and cultural issues within its markets unit.
Pacific forum to focus on financial crimes
ANZ’s chief will urge Pacific Island nations to harmonise their regulation and financial crimes laws, as Australia seeks to fend off China’s influence and foster closer regional security and economic ties.
ANZ sanctioned over dead customer accounts
ANZ was called out for the most ‘serious and systemic breaches’ by the Banking Code Compliance Committee, after taking years to stop or refund fees levied to deceased estates.
ASX 200 lower after RBA minutes; Liontown’s $379m Korean deal
RBA minutes show narrowing path to normal inflation. Liontown soars on Kathleen Valley funding, offtake deal with LG Energy. Union hails ‘bittersweet’ Bonza liquidation.
Benefits and execution of $4.9bn bank deal in spotlight
Approval of ANZ’s $4.9bn takeover of Suncorp Bank will see the buyer add $70bn in loans to its portfolio and start a huge customer retention drive.
ANZ deal was always right, says Suncorp’s boss
Everything is in place to complete the ownership transfer by August 1 but customers won’t notice any change, says Suncorp chief executive Steve Johnston.
Original URL: https://www.theaustralian.com.au/topics/anz-bank/page/6