ANZ Group

ANZ Bank’s profit tops estimates on CEO turnaround strategy

[MELBOURNE] ANZ Group Holdings’ first-half profit surpassed analysts’ estimates on signs of improvement with the bank’s overhaul by chief executive officer Nuno Matos as investors push for more progre...

Kai Yang’s move comes amid fierce competition for top talent and follows a similar move last year by Westpac.

ANZ hires its first AI officer as banks rush to bolster tech ranks

ANZ Group Holdings has hired its first chief data and AI officer, as competition over artificial intelligence talent intensifies among big banks around the world.

ANZ’s common equity tier 1 (CET1) ratio, a closely watched measure of its spare cash, edged up to 12.15 per cent at Dec 31 from 12.03 per cent at Sep 30.

ANZ Group cash profit jumps 17% as cost cuts take hold

The Australian bank said more than 60 per cent of the 3,500 job cuts it previously announced had taken place

ANZ is making the move to the Marina One complex because its existing lease at Ocean Financial Centre is set to expire soon.

ANZ to combine staff in single location in Singapore office move

The firm joins other banks in the city-state grappling with conflicting goals of trying to reduce office costs

ANZ CEO Nuno Matos has proposed to not receive his short-term variable remuneration this year, “even though contributing issues pre-dated his arrival.”

ANZ hit with second ‘strike’ as shareholders dissent over pay report

Shareholders may call for another vote on whether to remove the entire board

ANZ last month unveiled plans to slash 3,500 jobs at a one-off cost of A$560 million.

Australia’s ANZ halts buyback to save A$800 million for strategy overhaul

The bank plans to cut broker reliance and write more direct home loans to lift lending revenue

Nuno Matos is four months into his role leading Australia’s second-biggest bank by assets and is in the midst of a broad overhaul that includes some 3,500 job cuts.

ANZ to pay A$240 million fine on bond errors, retail mistakes

Asic and the bank will ask the Federal Court to impose the penalties in relation to four separate proceedings spanning misconduct across the bank’s institutional and retail divisions

The revamp will mean around 8% of the firm’s roughly 42,000 staff will leave.

ANZ plans to cut 3,500 staff over next year on CEO revamp

The bank is expected to incur a restructuring charge of about A$560 million before tax in the second half of this year

ANZ’s institutional unit, run by Mark Whelan, has been in focus from the country’s financial watchdogs..

ANZ starts cutting jobs in institutional banking division

Precisely how many roles will be eliminated from the restructure remains unclear, and the bank has said that it will update investors on the process at a strategy day in October

A number of senior executives have departed since Nuno Matos joined in May from HSBC Holdings.

ANZ bankers learn about job losses after e-mail error: report

The Melbourne-based bank is in the midst of a major restructure under new chief executive officer Nuno Matos