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The Latest Breaking News from ANZ

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

Its corporate misconduct affected almost 65,000 customers

The Independent UK

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 Guardian - AU

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”.

The Conversation

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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.

AAP

‘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

The Guardian - AU

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.

Pedestrian.tv

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

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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.

AAP

‘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

The Guardian - AU

'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.

AAP

ANZ CEO Apologises After Staff Were Preemptively Sent Redundancy Emails

Around 300 employees were impacted by the blunder, which CEO Nuno Matos described as “deeply disappointing”.

Pedestrian.tv

Bankers found out they were being fired after email asking for their laptops to be returned sent by mistake

The error occurred at Australian lender ANZ

The Independent UK

From UGG To 'Since 1974': Shock Name Change For Iconic Australian Boot Brand After Trademark Clash With US Rival

Australian bootmaker UGG has rebranded as 'Since 1974' after losing a trademark battle with US company Deckers. Todd Watts announced the change in a TikTok video.

International Business Times UK

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AAP

Bank customers more scam savvy as fraud losses fall

Australian bank customers are losing less money to scams as they gain more knowledge about grifts and banks boost defences.

AAP

Inflation update to shape further rate cut expectations

A particularly weak inflation print on Wednesday could raise hopes for a back-to-back Reserve Bank interest rate cut next month.

Pedestrian.tv

Personally Victimised By Up Bank’s Changes? Here Are 6 Other Options To Consider

Justice for the 20+ saver gang!!!!!!

AAP

Aussie shares edge higher ahead of inflation readout

The ASX200 has climbed into the green in session's final hour, with traders seeming to tread carefully ahead of an important consumer price report.

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AAP

Australian shares gain as deal averts trade war fears

The ASX200 rose 0.4 per cent after the US and the European Union reached a trade deal, while shares in uranium miner Boss Energy plunged more than 40 per cent.

AAP

Aussie dollar hits eight-month high as shares slide

The Australian dollar has climbed above 66 US cents for the first time since early November, while the ASX200 closed 0.3 per cent lower.

AAP

Beyond carbon: big four banks urged to capture more gas

It is a potent greenhouse gas responsible for climate change, but a report has found Australia's major banks have yet to single out methane emissions.

AAP

Australian shares flat as banks slip, miners dig in

The ASX200 recovered from its early losses to finish basically unchanged as the All Ordinaries recorded its highest ever close.

AAP

Long way to go to stop lending for deforestation

A number of bank-financed landholders might be involved in illegal landclearing, raising questions about lender exposure to risky nature destruction.

AAP

Spotlight on inflation as state treasurers come clean

Monthly inflation data and state budget updates are set to dominate the economic agenda and shape the Reserve Bank's next cash rate call.

AAP

Reserve Bank of NZ cuts rates again as inflation falls

The Reserve Bank of New Zealand has cut the official cash rate to 3.25 per cent with some economists wanting it to fall further.

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