Slim margins the catalyst for ANZ postcode mortgage rules
ANZ chief executive Shayne Elliott has blamed wafer-thin returns on home loans for the bank’s decision to provide more favourable mortgage terms to wealthy customers.
Anz Bank
Goldman Sachs replaces its ANZ head of equities
After an exodus of Goldman Sachs operatives from its Australian equities team, the Wall Street bank is gradually replacing team members.
Citi appoints ANZ debt capital markets head
The newly appointed executive will return to Australia from New York.
Creativity’s impact on business growth celebrated at Cannes
The highly-coveted creative effectiveness category at Cannes Lions showcase the business impacts of creativity, according to one of the judges Publicis Groupe ANZ chief executive Michael Rebelo.
Major change to Apple Pay as it ditches BNPL
Apple is axing its buy now, pay later service in favour of a new loan offering via credit, debit cards and lenders, with ANZ the first bank to sign up.
APRA opens file on ANZ-AOFM investigation
APRA has opened a file on ANZ’s alleged rigging of government borrowing rates, as it mulls whether to hand back a $500m capital penalty to the Melbourne bank, documents reveal.
Major bank’s ‘unfair’ new mortgage offer
One Aussie bank is slashing lenders’ mortgage insurance for borrowers in some of the country’s richest suburbs – and not everyone is happy about it.
ANZ’s wealthy loan policy makes housing inequality worse
The chasm between those seeking a way into the nation’s housing market and those that can take advantage of borrowing more to scoop up higher-end properties is getting markedly wider.
Tide of new property listings keeps rising
A wave of new property listings is sweeping across Australia, despite ANZ’s gloomy prediction about the prospects of interest rate cuts this year.
Are you rich enough? ANZ reveals more about its ‘low-risk’ mortgage
The controversial new ANZ policy creates three categories for low-risk mortgage borrowers in these wealthy suburbs but excludes anyone in Tasmania, SA and NT.
Rise in new listings buoys housing market
Australians are increasingly taking their homes to market on the expectation that interest rates will begin to fall and current housing demand will give them the cash they need to upgrade.
Banks, major health insurer in generative AI pilot
If you’re a customer of NAB, ANZ, CBA or BUPA, chances are generative AI has been used to field your inquiries in a move the sector says is lifting ‘customer engagement’.
ANZ makes horror 2025 rates prediction
A major Australian bank has issued a grim warning on where rates are heading, with the next cut not predicted until 2025.
ANZ makes horror 2025 rates prediction
A major Australian bank has issued a grim warning on where rates are heading, with the next cut not predicted until 2025.
RBA won’t cut rates until 2025 amid Labor spending
ANZ has become the first of the major four banks to rule out any chance that the RBA cut interest rates this year due to a number of factors.
ASX drops; ANZ shifts rate cut to Feb
The local sharemarket has closed sharply in the red on market concerns that US and Australian interest rates will stay higher for longer.
Why the big four banks’ bullish run is looking wobbly
They’ve starred on the share market in 2023-34, but shares in CBA, ANZ, NAB and Westpac look set for tougher times. Here’s why.
Renters ‘hit the hardest’ by cost of living
While much as been said and written about homebuyers, Australians on the rental treadmill are actually doing it toughest in the current economic crisis, says ANZ.
ASX 200 ends up 1pc; Guzman IPO
Guzman y Gomez to list with $2.2bn value. Telix jumps on cancer drug ‘signal’. Household savings hit fresh record. Rival offer may revive BHP’s Anglo bid: Morningstar. CSL to help US stockpile avian flu vax.
ANZ agrees to peace deal with banker
ANZ has settled another long-running court case, agreeing to a deal with former head of money markets Angus Graham.
Helping hand for struggling SMEs
Former NAB and ANZ executive Anthony Healy is on the lookout for firms to add to his portfolio of investments in the Australian Business Growth Fund.
Suppliers miss out as businesses service bank loans
Banking major ANZ’s business lending arm says it’s aware customers are prioritising servicing loans and that’s hitting suppliers which aren’t being paid on time.
ANZ appeals $900k share flop decision
ANZ is seeking to throw out a judgement which found it breached continuous disclosure rules regarding a 2015 share placement.
Update for Aussies hit by bank outage
Customers of one of the big four banks were unable to access their accounts online after a major outage to its app and internet banking services
ASX 200 eases; James Hardie, Star drop
ANZ probing internet banking issues. RBA avoids ‘excessive fine-tuning’. James Hardie’s cloudy outlook weighs. Sonic flags weak earnings. TechOne, ALS gain. Telstra job cuts. Star falls on Hard Rock dismissal.
ASIC probes ANZ over Treasury bonds sale
The corporate regulator is investigating suspected legal breaches in 2023 Treasury bond issuance.
ASX 200 erases losses to end flat
Fletcher drops 11 per cent on profit warning. Household spending growth slows: CBA. PwC restructures. Business conditions ease: NAB. Lendlease down as fights tax bill, sets investor day. ASIC probes ANZ bonds sale.
Banks slipping in battle with private credit
Tight regulatory constraints and cautious management will condemn the big banks to an inevitable decline. But the impact of private credit is growing.
Energy stocks, banks lift ASX
ASX 200 up 1.6 per cent this week. UK exits recession. Financial stress at highest in 8 years: NAB. CBA shareholder class actions dismissed. Bonza administrators in talks with ‘interested parties’. Life360 drops.
ANZ stops funding gas extraction
Tucked away at the back of its recent results, the lender revealed it will now only fund new oil and gas extraction projects in the event of a national emergency.
Original URL: https://www.theaustralian.com.au/topics/anz-bank/page/6