ASX Announcements
This Month
How geopolitical tension is changing ANZ and its clients
Geopolitical risk is hitting boardrooms with a bang, with ANZ the first of the big four banks to create a specialised unit.
- Patrick Durkin
‘A scandal of epic proportions’: why heads could roll at ANZ
This week on The Fin podcast, Jonathan Shapiro on ANZ’s bond trading scandal, whether the bank lied about its market activity to get on the deal and who should be accountable.
Bank stocks cauterise bleeding, analysts still stumped on valuations
Banks found a bottom on Tuesday, bouncing off steep losses. Despite the sell-off, analysts say they remain overvalued and earnings season will show why.
- James Eyers and Lucas Baird
Pacific banking diplomacy game will evolve beyond Nauru
The government should look to provide support to Vanuatu – another “high risk” nation – as it tries to convince CBA to bank in Nauru and ward off Chinese influence.
- Lucas Baird
ANZ bond trading scandal ‘risks unknown’: Macquarie
Macquarie analysts have run the numbers on what ANZ’s bond scandal could do to its profits whilst conceding some costs are hard to measure.
- Jonathan Shapiro
ANZ knocks NAB off the home lending podium
ANZ is now the country’s third-biggest lender to households, boosted by the acquisition of Suncorp’s bank this week.
- Lucas Baird
July
- Opinion
- Chanticleer
Shadow of JPMorgan’s Dimon hangs over red-hot Aussie banks
Huge share price runs are great for the banks. But they also create an unexpected problem for bank bosses.
- Anthony Macdonald
NZ regulators probe banks over government bond trading
As ASIC’s investigation into suspected manipulation in the government bond market heats up, New Zealand’s corporate watchdog is making its own inquiries.
- Jonathan Shapiro
ANZ can finally get under the hood of Suncorp Bank
ANZ chief Shayne Elliott said the $4.9 billion deal, which formally completed on Wednesday, will allow it to “compete more effectively across the Australian market”.
- James Eyers
- Opinion
- Chanticleer
743 days later, ANZ has little to cheer as Suncorp deal closes
After more than two years, ANZ’s $4.9 billion acquisition of Suncorp is finally complete. But the mood inside the two companies is wildly different.
- James Thomson
‘Risks elevated’: APRA holds banks’ mortgage rate buffer at 3pc
APRA said an uncertain economy, geopolitical instability, high household debt and inflation remain key risks for banks, compelling it to keep the loan buffer intact.
- Updated
- James Eyers and Jonathan Shapiro
- Opinion
- Chanticleer
Macquarie has partly reversed its ban on banking coal deals
Sentiment against part of the coal industry has softened, and Macquarie has read the tea leaves.
- Anthony Macdonald
Super funds put ANZ board, executives on notice over trading scandal
The intervention came as brokers began to warn that the alleged misconduct could lead to regulators forcing ANZ to hold more capital than its rivals.
- Jonathan Shapiro
- Analysis
- Big four
Could ANZ’s trading scandal trigger executive accountability laws?
ASIC declined to say whether its ANZ investigation involved the Financial Accountability Regime. But an ANZ update this week was speaking the language.
- Updated
- James Eyers
- Updated
- Big four
ANZ says bond trading scandal fallout could extend to the very top
The ANZ board may be forced to take action against the bank’s chief executive Shayne Elliott and other senior managers over the misleading trading data submitted to the federal government and investigations into its workplace culture.
- Updated
- Jonathan Shapiro
- Opinion
- Chanticleer
ANZ boss Elliott makes big call on bonds scandal
If Shayne Elliott is right, he’ll get out of this with a docked pay-packet. If not, the bank’s succession planning and strategy could be in ruins.
- Anthony Macdonald
Cabinet reshuffle looms; ANZ scandal ramps up; Ugly market outlook
Read everything that’s happened in the news so far today.
- Opinion
- Big four
ANZ’s bond trading scandal is now too serious to contain
An update on Thursday reveals that the bank and its board are under no illusions about the consequences they may face from the escalating markets scandal.
- Jonathan Shapiro
- Exclusive
- White collar crime
We suspect ANZ broke the law in $14b bond sale: ASIC
Chairman Joe Longo, in a wide-ranging interview, also detailed initiatives to crack down on insider trading, interventions in the private credit market, and hit back at claims ASIC is a “toothless tiger”.
- Ronald Mizen and Jonathan Shapiro
- Analysis
- Commercial real estate
The new risk lurking in banks’ commercial real estate lending
While working from home is a known risk for office towers, Citi highlights a new pressure point for lenders – the growing cost of the energy transition.
- James Eyers
