ANZ Settles With ASIC On Rate-Rig Claims
The ANZ yesterday settled a rate rigging case with ASIC ahead of the release of its full year financial figures on Thursday.
Read MoreThe ANZ yesterday settled a rate rigging case with ASIC ahead of the release of its full year financial figures on Thursday.
Read MoreDid we see a new chair of the ANZ Banking Group put in place across the Tasman for promotion in 2018 or 2019?
Read MoreANZ continues on its self-inflicted diet with the news yesterday that it will sell its superannuation and financial planning businesses to IOOF Holdings for $975 million.
Read MoreThe ANZ Bank has confirmed that the big banks are through the worse of rising bad debts, weak revenues and higher capital demands with a surprisingly solid third quarter trading update this morning.
Read MoreLow interest rates not only help banks sell more loans, say for housing, but they also mean (if credit screening procedures are right) lower bad debts because fewer customers are under pressure.
Read MoreOn the face of it the ANZ’s first quarter trading update showed a bank doing well, perhaps better than its peers like the Commonwealth (CBA) and the National Australia Bank (NAB).
Read MoreThe ANZ Bank (ANZ) has cracked and wants to go to being just being a bank. A big bank, mind you but not being a vertically integrated all singing and dancing one stop product shop, that also is a bank.
Read MoreAs forecast by ShareCafe earlier this week, the ANZ Bank (ANZ) has cut its final dividend payout to shareholders on top of its lowered interim payout as the impact of rising bad debts and the slow revamp of its operations and move away from Asian retail banking takes hold.
Read MoreThe ANZ Bank (ANZ) continues to clean up its balance sheet. Last Friday it revealed another $360 million in losses and write downs of assets and including $100 million in new restructuring costs.
Read MoreThe ANZ Bank (ANZ) reports its 2015-16 full year figures on Thursday and ahead of that release, it has boosted its full year write offs and losses to more than $1 billion with another round of charges revealed on Friday. The bank said it will take a $360 million hit in the September 30 half after the lender unveiled new charges for at-risk debts and restructuring costs.
Read MoreShareholders in the ANZ Bank (ANZ) will be worried there are more time bombs to come following the third quarter trading update issued this morning which saw another rise in bad debt provisions here and in Asia.
Read MoreA day after Westpac produced a weak result that didn’t fool the market and suggested the long bank boom was over, the ANZ has hammered a huge nail in the coffin by revealing plans to slash shareholder payouts this year for the first time since the GFC.
Read MoreBank shares took a battering today in the wake of the second downgrade from the ANZ for its bad debts position ahead of the bank’s ruling off its interim results next Thursday, March 31.
Read MoreShareholders in ANZ yesterday joined their peers in rival Westpac (WBC) in giving their board and senior management a towelling over remuneration for senior executives.
Read MoreForget all the media and some commentary hyping the NAB full year result yesterday – the 2% slide in the bank’s share price exposed that for the rubbish it was. Look instead to the just released full year figures for the ANZ – they are not good, with the barest of profit rises and an unchanged final dividend – all pointing to just how tough conditions are for these still very profitable enterprises.
Read MoreAccording to yesterday’s trading update and subsequent briefing from CEO Mike Smith and the bank’s chief financial officer Shayne Elliott, times are challenging, the ANZ is hunkering down with a sharper focus on costs, but at the same time there are lots of positives, businesses are performing strongly and in some, the bank is ahead of its rivals.
Read MoreSo will the ANZ Bank’s (ANZ) interim profit see bank stocks reverse their sell off of yesterday after Westpac (WBC) disappointed with a weak interim financial report?
Read MoreThe surprise RBA cash rate cut last week reminds us that we operate in a global market. The RBA considered that the Australian dollar was too high and, to try and bring it down, cut the cash rate when domestic indicators alone suggested it was at a reasonable level.
Read MoreWhile the ANZ Bank (ANZ) has joined Bendigo and Adelaide (BEN) and the Commonwealth Bank (CBA) in reporting a solid profit in its June quarter update, there was a small, but significant stig in the announcement made this morning.
Read MoreFirst the ANZ tops expectations, will the National Australia Bank follow tomorrow?
Read MoreThe headline figures looked good, but the market didn’t like the interim results from the ANZ yesterday: it seems there were too many unanswered queries about the quality of the earnings.
Read MoreANZ has buckled and followed the Commonwealth Bank eight days later in lifting its standard variable mortgage rate by more than the Reserve Bank’s 0.25% rate rise on Melbourne Cup Day.
Read MoreIn many respects the ANZ’s 2010 results yesterday was a carbon copy of the NAB’s earnings news the day before.
Read MoreThe market wasn’t all that convinced by ANZ’s interim profit, not that it looked light on, just that there was less growth than expected, especially from Asia where the bank is expanding, and Australia.
Read MoreANZ shares rose 3% yesterday, or 57 cents to $19.57 after the bank confirmed it had paid around $A690 million to the Royal bank of Scotland for assets in six Asian countries.
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