ASIC probes ANZ over Treasury bonds sale
The corporate regulator is investigating suspected legal breaches in 2023 Treasury bond issuance.
The corporate regulator is investigating suspected legal breaches in 2023 Treasury bond issuance.
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.
Tight regulatory constraints and cautious management will condemn the big banks to an inevitable decline. But the impact of private credit is growing.
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.
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.
ANZ’s half-year results have revealed the cost of its mortgage wars with rivals and a 7 per cent slide in cash profit.
ANZ chief Shayne Elliott has revealed a $2bn share buyback for the bank despite the economic stresses and the challenge rising house prices present the bank.
It’s come at a huge upfront cost, but ANZ boss Shayne Elliott says the sky is the limit for the potential savings that technology can offer.
Homeowners are feeling the pinch of the cost-of-living crisis, with the number of loans past due at ANZ increasing double digits.
RBA board considered a rate hike, ‘not ruling anything in or out’. Inquiry wants steps to combat supermarket giants’ power. Earnings upgrade lifts AGL. ANZ profit down, $2bn buyback ahead. Sims tanks.
Bonza’s failure was a reality check for Qantas and it’s time to move on from its stoush with the ACCC.
Australia’s sharemarket rose for a third day running, tracking the US market to its highest daily close in almost two weeks, after cooling non-farm payrolls data gave hope of a soft economic landing with interest rate cuts.
Westpac announced on Friday it was pulling back from the mortgage wars, signalling a June 30 deadline for its remaining brands to tempt customers with cashbacks.
Spotted on a flight out of Melbourne was ANZ boss Shayne Elliott, seated uncomfortably close in business class to stockbroker Angus Aitken, and these two have history.
Poorly-designed policy changes could damage the substantial benefits which international education gives to Australia.
A move by ANZ to test special deal mortgages on a minority of wealthy postcodes is being watched closely and if it works, expect the other banks to clamour for the business.
JPMorgan’s banking analysts say big Aussie lenders are likely to easily meet expectations, maintain or increase dividends and that ANZ may even trigger a share buyback worth up to $1.5bn.
If you live in one of these 145 ‘low risk’ postcodes, then has ANZ got a mortgage deal for you. Check if your home makes the list.
One of Australia’s major banks has announced a huge change to how thousands of people do their banking – and it’s coming soon.
ANZ’s $4.9bn takeover of Suncorp Bank is all but done, but we hear disentangling the local lender from the broader Suncorp Group is set to be a challenge.
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.
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 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.
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.
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.
The market is expecting the RBA to cut rates this year, but ANZ boss Shayne Elliott still sees potential for the opposite to occur.
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.
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.
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.
The ACCC has dropped its opposition to ANZ’s buyout of Suncorp Bank after being defeated at the Australian Competition Tribunal.
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