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The Latest Breaking News from Shayne Elliott

ANZ profit falls as mortgage wars hit big four banks

The ANZ bank has joined the rest of the big four in recording a fall in annual profit, as a result of ongoing mortgage competition and high inflation.

AAP

Plague of our time: banks devoting more to scam fight

Australia's big four banks say they're setting aside more resources to prevent customers being scammed out of their money.

AAP

ANZ admits 'unacceptable failure' as bond probe ongoing

ANZ's chief has issued a personal apology to the Australian Office of Financial Management boss as investigations into trading and conduct issues are ongoing.

AAP

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ANZ bonds scandal gets worse and worse, but its Suncorp grab is safe

ANZ, which is under investigation for ripping off taxpayers, should not have been allowed to take over Suncorp’s banking arm. The approval points to big flaws in the way bank deals are examined.

Crikey

Why big four bank CEO thinks Newcastle ticks more boxes than capital cities

'It's a part of the country that stacks up incredibly well.'

Newcastle Herald

Clowning around: climate activists disrupt ANZ meeting

ANZ chief executive Shayne Elliott has told shareholders that the bank's climate commitments are considered by its top executives on a daily basis.

AAP

Another AUKUS deal on the table

Australia, the US and the UK would have a military-style free trade zone under the Defence Trade Controls Amendment Bill 2023 introduced quietly last week, and ANZ chief executive Shayne Elliott says the Australian dream of home ownership ‘has become the preserve of the rich’.

Crikey

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ANZ joins this banking season's $7b earnings club

Environmental groups are calling out ANZ's climate commitments while analysts said $7.4 billion in profit was a slight miss to consensus estimates.

AAP

Matt Comyn rakes it in at the CBA — but what about Josh and Phil?

The Commonwealth Bank wants a brighter future for us all, but chiefly its shareholders and senior executives. The rest of us can make do.

Crikey

Jo was scammed out of $4,000. She wants Australia’s banks to be responsible for paying it back

While banks resist calls to agree to a code for reimbursing money to fraud victims, consumer law advocates warn of the ‘outsized vulnerability of our citizens to scams’

The Guardian - AU

Where to next for the Australian economy, the RBA – and Philip Lowe?

The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expected

The Guardian - AU

ANZ bracing for uplift in household stress

ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.

AAP

ANZ beats expectations but shares fall

Big four lender ANZ has outperformed expectations with a $6.5 billion full-year profit and a higher dividend, but its shares have dropped nearly four per cent.

AAP

Alan Kohler: Working from home is a proletariat revolution

Whether company managers like it or not working from home has taken over – they can’t control it and it can’t be undone.

The New Daily

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Crikey

ANZ’s shabby deal and dodgy reasoning need the press gang treatment, not cheers

ANZ’s attempt to buy Suncorp needs far more scepticism and scrutiny than it’s receiving from the business media.

Crikey

Damaging ANZ-Suncorp dalliance is a test for the government and the ACCC

ANZ’s proposed acquisition of Suncorp’s banking arm is bad news for competition and should be axed by regulators.

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