Today
Elliott promises more growth for ANZ in mortgage assault
The ANZ chief executive tempered expectations that the “mortgage wars” that have dented profit margins would soon ease.
- 27 mins ago
- Lucas Baird
This Month
Banker bonuses favouring opaque social metrics, advisers say
Incentives at the major banks are becoming less focused on maximising shareholder returns in a ‘retrograde step’, Institutional Shareholder Services warns.
- Lucas Baird
- Exclusive
- BOSS
Revealed: Australia’s 50 highest-paid CEOs in 2023
Despite topping the pay ranks, Macquarie Group’s Shemara Wikramanayake is just one of two women on the list.
- Patrick Durkin
November
ANZ links bonuses to office attendance
The bank’s employees have been told their annual reward may be slashed if they fail to spend at least half of their scheduled working hours in the office.
- Euan Black
- Opinion
- Big four
Banks mystified by where all the offset money is coming from
Home loan customers are tipping billions of dollars into mortgage offset accounts. Nobody knows how.
- Karen Maley
ANZ’s business banking returns help home loans grab
ANZ chief executive Shayne Elliott said returns earned from banking large companies is helping it compete more aggressively for Australian home loan customers, fuelling the mortgage war.
- Updated
- James Eyers
ANZ Plus launches digital home loans, plots expansion
ANZ Plus has ticked up to half a million customers, holding $10 billion in deposits. Last week, it launched mortgages to a limited group that is set to grow.
- James Eyers
- Opinion
- Chanticleer
‘I won’t apologise for being aggressive’: ANZ boss stares down mortgage critics
CEO Shayne Elliott insists he’s still generating good returns from mortgages despite aggressive pricing that has shaken up the market.
- James Thomson
The banking oligopoly has failed, and here’s how
Mortgage and deposit competition has crushed profit margins at the major banks, whose infighting has weakened the big four oligopoly.
- Lucas Baird
September
Bankers battle against regional branch mandate
Commonwealth Bank boss Matt Comyn said it was unsustainable to invest in the regional network as the use of physical cash declined.
- Lucas Baird and James Eyers
Shayne Elliott wants ‘coherent’ plan to help unlock transition capital
The ANZ CEO said government could help lenders back the energy transition, by setting out a “coordinated approach” on all policies and targets.
- James Eyers
August
Over-regulation strangling smaller bank competition: Bligh
The ABA chief told the House economics committee 130 different regulatory changes are in train over the next 12 to 18 months.
- Lucas Baird and James Eyers
- Opinion
- Aviation
Qantas’ enviable dominance now comes with a big cost
Virgin’s political fight back against Qantas is gaining traction with a community irritated by high fares, poor service and record profits.
- Jennifer Hewett
ANZ launches Suncorp merger appeal
ANZ said it expects its $4.9 billion acquisition of Suncorp’s banking arm to be completed by the middle of next year after it formally lodged an appeal.
- Lucas Baird
Anatomy of a takeover: Inside ANZ’s battle to buy Suncorp
In a transaction 14 years in the making, ANZ and Suncorp tried to show the ACCC the world for banking had changed.
- Lucas Baird, Liam Walsh and James Eyers
- Opinion
- Chanticleer
ANZ will fight ACCC’s rubbery reasons for blocking Suncorp deal
Even after the most intense period of banking competition in decades, the watchdog has rejected the buyout on the risk it could theoretically allow the big banks to co-ordinate.
- James Thomson
July
- Analysis
- Big four
Meet the executives next in line to run the big banks
It’s fast becoming the industry’s favourite guessing game – who will make up the next generation of big bank bosses?
- Karen Maley
NAB boss delivers urgent housing supply warning
Chief executive Ross McEwan has told parliament that a chronic undersupply of stock will clash with Australia’s rising population.
- Lucas Baird
June
Forget Lower Manhattan, Bangalore is the new hub for global banks
ANZ has more staff in the Indian city than at its Docklands headquarters. Its competitors are there in force, as are the world’s biggest players in finance.
- James Eyers
- Opinion
- Chanticleer
ANZ stands firm on Suncorp deal
WaveStone’s Catherine Allfrey says ANZ risks overpaying for Suncorp. But Shayne Elliott says this is a long-term play, and there’s value to be had.
- James Thomson
