ANZ drops quarterly earnings update, reignites debate over QR
Move surprises many analysts; it is second major Australian bank to do so after Westpac Banking Corp
Thu, Jan 18, 2018 - 5:50 AM
ANZ told Reuters in an emailed statement that it had received "strong feedback" and had "unanimous" support from the investment community for the move.
AUSTRALIA and New Zealand Banking Group said it will stop reporting quarterly earnings figures in a decision that has surprised many analysts and reignited a debate over the value and cost of the updates.
It is the second major Australian bank to do so after Westpac Banking...