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The Latest Breaking News from ANZ

Too good to be true: criminal groups target money mules

Criminal groups are recruiting university students and the unemployed as money mules to launder money and the proceeds from scams.

AAP

Banks to reveal how Iran conflict has affected earnings

Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.

AAP

Worse to come as oil crisis adds fuel to rate-pain fire

A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.

AAP

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Australian growth forecasts slashed as global economy faces inflation spike

OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflation

The Guardian - AU

Confidence tanks as fuel spike flows to building costs

Housing Minister Clare O'Neil has brought together leaders from the construction industry as they grapple with skyrocketing materials costs.

AAP

‘If we have to change tack, we will’: RBA hikes rates but not aiming to put Australia into recession, Bullock says

Reserve Bank of Australia’s second consecutive increase lifts cash rate target to 4.1%, back to where it was in February last year

The Guardian - AU

Big four banks predict three consecutive RBA rate hikes

The Middle East conflict could prompt the Aussie dollar to plummet and the Reserve Bank to hike interest rates to 15-year highs in 2026, analysts say.

AAP

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Australia relaxes petrol standards for 60 days as NSW premier warns of fuel shortage at hospitals

Chris Minns says ‘no need for panic buying’ as state government considers emergency supplies and impact on critical services

The Guardian - AU

Aussie shares pare early gains to fade from record

Strong buying in big banks, mega miners and utilities giants has pushed the ASX to within 10 points of record highs, but smaller caps have been left wanting.

AAP

Australian banks passed interest rate hikes on to mortgage holders – so why haven’t they done so for savings accounts?

There’s an obvious reason for the delay. But the banks still need to compete on savings rates to finance their operations

The Guardian - AU

Delayed pay? You're not the only one hit by RBA glitch

A technical issue at Australia's central bank has forced employees to wait hours for pay and created delays for those hoping to settle on properties.

AAP

Shoppers tipped to splash cash in Boxing Day spree

Budget-conscious buying is expected drive big Boxing Day sales as savvy shoppers splurge for the year ahead, helping retailers clear shelves and boost cashflow.

AAP

'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

ANZ board won't follow CEO's lead and sacrifice fees

ANZ's chairman says its board has been doing its job, rejecting a suggestion from the Australian Shareholders Association that directors give back some pay.

AAP

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AAP

Shares finish flat as energy stocks continue to drift

The local bourse has ended the session roughly flat as it closes in on 2025's last full week of trading, weighed down by heavy energy and utilities stocks.

The Guardian - AU

ANZ shareholders reject executive pay plan for second year in a row

More than 32% of shareholder votes oppose executive pay report at heated Sydney AGM, after a year when bank was fined $240m by the financial regulator

AAP

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.

The Guardian - AU

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

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AAP

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

'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.

The Guardian - AU

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

This blog is now closed

AAP

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

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.

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