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The Latest Breaking News from ANZ

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

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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

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.

AAP

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

The Guardian - AU

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

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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

'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

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

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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.

The Guardian - AU

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

AAP

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.

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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.

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.

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

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