ANZ (537 items)

ANZ might pull plug on Revolut before ASIC

Pressure is mounting on the Australian Securities and Investments Commission to revoke special regulatory relief it granted to controversial mobile payments provider, Revolut Ltd.The company is planning to launch in Australia this month but its prospects look less certain after a recent wave of negative newspaper reports in London that allege the company last year failed to tell UK regulators about a protracted breakdown in its anti-money laundering systems. read more

ANZ tries again on digital priorities

Digital transformation is a job a lot of senior executives at ANZ have had in their job title, and now it’s taking on the meaning of “co-CEO, Australia” at the bank.A new management structure for ANZ’s Australian business sees current group executives Mark Hand and Maile Carnegie “share responsibility for the financial performance of ANZ’s business in Australia”. read more

Carnell rebukes Bligh over Banking Code

The ABA has “not yet reached a view” on changing the definition of small business.The Hayne royal commission recommended that the definition of small business in the industry code of practice be amended to cover any business employing fewer than 100 full-time equivalent employees, where the loan applied for is less than A$5 million. read more

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

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