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The Latest Breaking News from ANZ

Aussie shares dip, miners tumble on grim China data

Weakness in iron ore, gold and copper miners has weighed on the local bourse, wiping most of the sector's previous week of gains in a single session.

AAP

Non-alcoholic drinks attract a lot less tax in Australia. So why are they often just as expensive?

While production costs may be higher for non-alcoholic drinks, economists say larger manufacturers are also using ‘price anchoring’ to maintain higher margins

The Guardian - AU

Australian economy builds as investment roars back

Australia's economic growth rate came in below market expectations, but a strong domestic pulse shows the economy is in good shape.

AAP

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'Sad': bank boss blasts Australia's energy transition

The boss of one of Australia's biggest banks has excoriated the debate around net zero, saying power bills could be heavily reduced if renewables are harnessed.

AAP

Tehan and Ley to reveal Liberals’ net zero emissions position tomorrow – as it happened

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The Guardian - AU

Big four banks slammed for profiting from fossil fuels

Australia's big four banks have made billions from investing in fossil fuel projects in the past decade, but only two have made steps to walk away.

AAP

Ex-ANZ execs lose bonus millions after record fine

The former boss of ANZ and three of his executives have lost multimillion-dollar bonuses as the bank grapples with the cost of serious misconduct.

AAP

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RBA to reveal interest rate call, economic forecasts

The Reserve Bank is widely expected to keep rates on hold after a spike in inflation, with the bank's updated economic forecasts set to be closely scrutinised.

AAP

ANZ cops billion-dollar profit hit amid job cut plans

ANZ's plan to offload thousands of staff has contributed to a more than $1 billion hit to its profit, with hefty fines from the regulator also having an impact.

AAP

Morning Mail: Albanese signs $8.5bn deal with Trump, ANZ bonuses criticised, claim Prince Andrew ‘tried to hire internet trolls’

Prime minister secures Aukus support and signs $8.5bn critical minerals deal in Washington visit

The Guardian - AU

As ANZ duped customers and ignored hardship notices, the bank’s bosses raked in $26m in bonuses

The bonuses – awarded during the bank’s three years of misconduct – have been condemned as ‘indefensible’ and ‘tone-deaf’, especially given recent job cuts

The Guardian - AU

Australian shares edge up as miners forge path forward

The Australian share market has closed higher after a choppy session as miners and energy stocks helped dig the broader bourse out of trouble.

AAP

ANZ cancels $800m share buyback to 'focus on basics'

ANZ will move its eight million Australian retail banking customers to ANZ Plus by late 2027, and add to its mortgage sales force in its branches.

AAP

Aussie shares snap three-week losing streak by a hair

Australia's raw materials sector has defended the bourse from what would have been a fourth straight week of losses in September.

AAP

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The Independent UK

Bank to pay record £118m fine after failing to refund dead customers

Its corporate misconduct affected almost 65,000 customers

The Guardian - AU

Afternoon Update: Australia’s climate breakdown risks laid bare; ANZ slapped with record fine; and Adolescence wins big at Emmys

Landmark report finds no Australian community immune from ‘cascading, compounding and concurrent’ risks of a worsening climate

The Conversation

ANZ has been hit with a record $240 million fine. These lessons should have been learned years ago

ANZ Bank has agreed to pay a record fine of A$240 million after admitting to various forms of misconduct that occurred “over many years”.

AAP

A 'bank in crisis': ANZ cops record fine for misconduct

From charging dead customers to overstating trades, a big four bank has been slugged with a record penalty for widespread misconduct.

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The Guardian - AU

‘Betrayed the trust of Australians’: ANZ bank pays record $240m fine for widespread misconduct

Company admits allegations in four investigations brought by financial regulator Asic

Pedestrian.tv

ANZ Staffers Are Rinsing Their CEO In This Viral Reddit Thread Amidst Massive Job Cuts

A Reddit thread with scathing comments about ANZ Bank and Nuno Matos has gone viral following the company's massive restructure.

AAP

Aussie shares finish higher as banks rally, miners fall

A financial sector rally has helped Australia's share market snap a two-session losing streak, while a weak commodity outlook weighed on local miners.

AAP

Job cuts, work sent offshore 'a win' for bank customers

Two of the four big banks have slashed thousands of jobs within days, with one creating roles offshore it insists will benefit customers.

The Guardian - AU

‘We are teaching the machine to take our job’: Banks bet big on AI as thousands of jobs cut

Across the banking sector, thousands of jobs have been lost at the same time as AI use soars in clerical and customer service roles

AAP

'Unhinged': 4500 jobs to be slashed in bank restructure

A major bank's decision to cut thousands of staff has been described as "unhinged" after it recently posted a half-year cash profit of $3.6 billion.

AAP

Dad's day a reminder to look after his mental health

New fathers can struggle to adjust to the realities of parenthood but often don't seek professional help when navigating mental health challenges.

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