Executive shake-up looms for Australia’s top banks
The new year is expected to herald the start of a widescale reshuffle at the top level throughout Australia’s major banks.
Anz Bank
Households in decent shape to weather challenges
ANZ chief Shayne Elliott addresses the impending economic stresses on Australians and how his big-four bank will respond to ease the burden on customers in 2024.
Time to stop the feel-good circus
Voters call for an end to corporate and political virtue-signalling
ANZ ready to deliver more hardship help
ANZ is preparing for a sluggish start to 2024, but has told shareholders that its business borrowers and household customers were still tracking well, despite a cost-of-living blowout.
Bah Humbug: No last-minute Christmas spending spree
Many shoppers did their Christmas buying in November, thanks to sales, and ANZ is predicting no last-minute Christmas spending spree for retailers in the last few days before December 25.
Climate activist clowns disrupt ANZ annual meeting
ANZ was forced to pause its annual general meeting in Brisbane as members of a protest group dressed as circus performers interrupted chairman Paul O’Sullivan.
ANZ meeting descends into clown show
A group of protesters, dressed as circus performers, have disrupted the AGM of one of the nation’s largest banks which has come under fire for lending to fossil fuel emitters.
ASX dips; Packer names new right-hand-man
ASX falls, staves off US-level losses. James Packer names Lawrence Myers new CEO of CPH. Liontown flags legal challenge at Kathleen Valley. Pacific Smiles shares rise after rejecting Genesis bid.
ANZ caravan heads to Brissie
ANZ boss Shayne Elliott is trekking north to Brisbane for the bank’s annual general meeting and perhaps to prepare for the big move into Suncorp Bank HQ next year.
ASX reaches new 10-month high; Pexa dives
ASX 200 has best daily close in 10 months. Pexa dives 11.8 per cent after Smoove update. Sezzle soars for no obvious reason. KMD down after weak consumer sentiment hits sales. Airbnb to cough up $30m.
ANZ foolishly doubles down
ANZ made a deliberate decision to mislead its shareholders and the market in 2015 and now its board, in its stupidity, wants to ‘own’ that decision.
ANZ-Suncorp Bank’s $4.9bn merger on a knife edge
The fate of ANZ’s takeover of Suncorp Bank is now in the hands of the powerful Australian Competition Tribunal, which is set to hand down its decision early next year.
‘Modest’ fine still too much as ANZ lodges appeal
ANZ is appealing against a court decision to fine it $900,000 for failing to disclose information about a significant shortfall of shares being taken up in a $2.5bn capital raising.
Westpac eyes ANZ-Suncorp saga for acquisition clues
Westpac eyes ANZ-Suncorp saga for acquisition clues, while outgoing chairman John McFarlane apologises to shareholders, customers and employees at his last AGM.
ASX jumps to 4.5 month high
ANZ appeals continuous disclosure case. Virgin deal avoids pre-Christmas industrial action. Elders investors hit back at exec pay. Allkem, Pilbara jump.
ACCC backs a merger of Suncorp, Bendigo
The consumer watchdog has supported a regional bank merger rather than the troubled $4.9bn tie-up between Suncorp and ANZ.
ASX 200 lifts; Fortescue at record high
Rio Tinto shares at highest since July 2021. NAB, CBA and ANZ see weak December for retail spending. Sigma investors back Chemist Warehouse merger. Markets await US Federal Reserve rate call.
ANZ-Suncorp deal to entrench big bank power
Australia’s competition watchdog says ANZ’s planned $4.9bn takeover of Suncorp Bank would entrench the already dominant power of the major banks in home lending.
Tech rally lifts ASX 200 to 3-month high
Markets await key US inflation data. Elders, Rural Bank end agribusiness loan deal. Business conditions, confidence fade as consumer sentiment stays weak. China lifts Aussie beef ban for 3 abattoirs.
Activists slam banks over Santos support
ANZ and Westpac may face shareholder ire at their AGMs after Market Forces pointed the finger at the banks for their continued support of gas projects through bond programs.
ANZ fined just $900k over shares disclosure failure
The Federal Court has fined banking giant ANZ just $900,000 over a case brought by ASIC that it failed to disclose to the market a share placement had fallen $790m short.
ASX 200 ends at 11-week high; Santos lifts
Investors pile into Santos amid $80bn merger talks; Woodside dips. ANZ’s $900,000 penalty for disclosure failure. Sigma suspends trading amid Chemist Warehouse talks. Chalmers-RBA deal may bring rate hikes.
Tribunal hears ANZ, Suncorp deal no threat to competition
Lawyers for ANZ and Suncorp on Tuesday told a tribunal hearing the ACCC rejected a deal which would not undermine competition in the banking sector.
ANZ rips into ACCC over Suncorp rejection
ANZ has fired its opening salvo in a Sydney courtroom at the ACCC’s decision to kybosh its $4.9bn deal to buy Suncorp Bank.
ASX rises; Origin takeover vote fails
The ASX 200 closes at 10-week high amid gold, US market strength. Origin shareholders reject takeover. ANZ fires salvo at ACCC over Suncorp deal decision. Metcash jumps on earnings update.
‘We weren’t giving up’: ANZ walks new road into Asia
After years of pulling apart ANZ’s much-maligned international franchise, Shayne Elliott is quietly rebuilding a new pan-Asian bank. But this time he’s doing it his way.
D-Day for Suncorp deal as tribunal challenge begins
It’s make or break time for ANZ’s plan to buy Suncorp Bank, with the Australian Competition Tribunal meeting this week to decide the fate of the $4.9bn dollar deal.
‘Big spending’ means years of rate pain to come
ANZ boss Shayne Elliott has warned that Australia must prepare for higher-for-longer interest rates, with baked-in government spending pressures set to make inflation sticky.
ACCC airs concerns at dominance of big four banks
As a hearing into the ACCC’s rejection of ANZ’s takeover of Suncorp approaches, the regulator has criticised the dominant position of the big banks.
Jarden-JBWere closer to merger deal
Further details are filtering out about Jarden’s plans to create a wealth management powerhouse across the Tasman to turbocharge its ANZ investment banking arm.
Original URL: https://www.theaustralian.com.au/topics/anz-bank/page/9