Latest news (23,932 items)

ANZ 'resets' pay scales for its top brass

The ANZ board have escaped the heavy critique of its operations and management seen in other post royal commission bank AGMs, but in the final analysis, shareholders did deliver the expected first strike against remuneration report, with more than a third of shareholders (34 per cent) voting against its adoption before the meeting. read more

Aussie banks' profits smashed by RBNZ

A haircut for Australian bank profits - but the collapse of bank profitability in New Zealand. That’s the take of Andrew Lyons, Ashley Dalziell and Desmond Tsao in a commentary from Goldman Sachs Australia yesterday on the Reserve Bank of NZ’s capital proposals. Lyons and co estimated New Zealand banks’ average ROE of 15 per cent in FY18 would fall by 5 per cent. read more

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