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Australia's ANZ Bank requests trading halt ahead of Asia update

Monday, October 31, 2016 - 05:59

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Australia and New Zealand Banking Group (ANZ) requested a trading halt on Monday, saying it planned to update the market on a review of its retail and wealth business in Asia.

[SYDNEY] Australia and New Zealand Banking Group (ANZ) requested a trading halt on Monday, saying it planned to update the market on a review of its retail and wealth business in Asia.

Australia's third-largest bank by market value has been lowering its exposure to Asia over the past year and launched the review in May.

ANZ said last week its full-year earnings would include A$360 million (S$381 million) of one-off charges related to the fair value of derivative instruments, employee termination payments and changes in its software capitalisation policy.

ANZ is due to release its annual financial results on Nov 3.

REUTERS

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