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The Latest Breaking News from Shayne Elliott

'Unconscionable': major bank's record fine bumped up

ANZ has been fined $250 million for widespread misconduct and systemic ‍failures that impacted the federal government, taxpayers ‌and thousands of customers.

AAP

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

Labor wants to fix Australia’s housing issues – but there’s little hope for those not already on the ladder

Without genuine reform, experts predict house prices to ‘climb by 6-10% in 2025’ and the gap between homeowners and those locked out of market to widen

The Guardian - AU

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ANZ shares sell-off after flat cash profit of $3.6b

Investors have hit sell on ANZ shares after the big four bank posted a cash profit less than what the market hoped to see.

AAP

Pacific to bank on ANZ thanks to Australian guarantee

The federal government will provide a $2 billion guarantee to ANZ bank in the Pacific for it to continue services as Australia works to lock out China.

AAP

ANZ chief executive forfeits $1.5m bonus after outcry

The CEO of a big-four bank has forfeited a bonus worth $1.5 million after a backlash from shareholders upset about poor behaviour in its trading rooms.

AAP

International banker to replace retiring ANZ boss

Nuno Matos, a native of Portugal currently based in Hong Kong, will begin as the next chief executive of ANZ next year.

AAP

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Senior Liberal senator to swap parliament for bank role

One of the coalition's most senior figures will soon leave politics for a role at a major bank after revealing he would step down at the 2025 federal election.

AAP

ANZ profit falls as mortgage wars hit big four banks

The ANZ bank has joined the rest of the big four in recording a fall in annual profit, as a result of ongoing mortgage competition and high inflation.

AAP

Plague of our time: banks devoting more to scam fight

Australia's big four banks say they're setting aside more resources to prevent customers being scammed out of their money.

AAP

ANZ admits 'unacceptable failure' as bond probe ongoing

ANZ's chief has issued a personal apology to the Australian Office of Financial Management boss as investigations into trading and conduct issues are ongoing.

AAP

Why big four bank CEO thinks Newcastle ticks more boxes than capital cities

'It's a part of the country that stacks up incredibly well.'

Newcastle Herald

Clowning around: climate activists disrupt ANZ meeting

ANZ chief executive Shayne Elliott has told shareholders that the bank's climate commitments are considered by its top executives on a daily basis.

AAP

ANZ joins this banking season's $7b earnings club

Environmental groups are calling out ANZ's climate commitments while analysts said $7.4 billion in profit was a slight miss to consensus estimates.

AAP

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The Guardian - AU

Jo was scammed out of $4,000. She wants Australia’s banks to be responsible for paying it back

While banks resist calls to agree to a code for reimbursing money to fraud victims, consumer law advocates warn of the ‘outsized vulnerability of our citizens to scams’

The Guardian - AU

Where to next for the Australian economy, the RBA – and Philip Lowe?

The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expected

AAP

ANZ bracing for uplift in household stress

ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.

AAP

ANZ beats expectations but shares fall

Big four lender ANZ has outperformed expectations with a $6.5 billion full-year profit and a higher dividend, but its shares have dropped nearly four per cent.

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The New Daily

Alan Kohler: Working from home is a proletariat revolution

Whether company managers like it or not working from home has taken over – they can’t control it and it can’t be undone.

People

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