ANZ

Policy & Regulation

ANZ penalised in landmark continuous disclosure regime verdict

The Federal Court has penalised ANZ over its breach of continuous disclosure obligations and has warned other institutions could face a penalty as high as $780 million if...

People & Products

ANZ exec appointed DASH COO

Michelle Russo, former head of wealth customer resolution at ANZ, has joined DASH as a chief operating officer, along with nine other hires. ...

Financial planning

Will banks return to wealth management?

There is an estimated $3.7 trillion opportunity for the big four banks to return to wealth management and with the Quality of Advice Review focusing on digital advice, th...

People & Products

Former ANZ and AMP financial planning exec joins super fund

A former chief executive of financial planning at ANZ has taken up a role as the head of a major superannuation fund. ...

Policy & Regulation

ASIC reveals findings from corporate whistleblower review

Financial services firms were among seven entities reviewed by the regulator as part of its work to develop corporate guidance for whistleblower protection....

Funds management

ANZ forecasts cash rate to peak at 4.1% in May

The RBA is set to action three consecutive hikes to the cash rate over the coming months to combat 'intense' inflation, according to ANZ Research. ...

Financial planning

ANZ removes wealth management risk from bank

ANZ’s exit of financial planning and advice means the bank has now removed wealth management risk from the business, despite a $62 million loss from the transaction, it s...

Funds management

ANZ hit with $25m penalty

Big Four bank ANZ has been penalised $25 million for failing to provide certain benefits it had agreed to give to customers and over $211 million will be remediated to af...

Funds management

ANZ hit with $25m penalty

Big Four bank ANZ has been penalised $25 million for failing to provide certain benefits it had agreed to give to customers and over $211 million will be remediated to af...

People & Products

Insignia completes separation from ANZ

Insignia Financial has completed the separation of its pension and investment business from ANZ, a milestone in its separation and simplification program....

People & Products

ANZ set to acquire Suncorp bank for $4.9b

ANZ is to acquire the banking business of Suncorp for $4.9 billion, at the same time as withdrawing from proposals to acquire accounting firm MYOB....

Policy & Regulation

ASIC sues ANZ over misleading credit card balances

ASIC has commenced civil penalty proceedings against big four bank ANZ for allegedly misleading customers about the available funds and balances in their credit card acco...

Funds management

Solid half-year performance from major banks

Australia’s four major banks have delivered $14.4 billion in combined headline cash earnings for the 2022 half year, up $700 million or 5.1% from 2021 half year results....

Financial planning

Consumer confidence falls in lead up to Budget

Consumer confidence has fallen almost 20% in a year, reaching levels not seen since Victoria’s second wave of COVID-19 in September 2020....

Financial planning

RI Advice to pay $6m penalty

The Federal Court has ordered RI Advice Group to pay a $6 million penalty for failing to take reasonable steps to ensure that its authorised representative provided appro...