Briefs: ANZ closes more branches, securitisation market re-opens, Citibank closing branches
ANZ will close another four branches, two in West Australia, one in Queensland and one in New South Wales. These closures follow news earlier this month of five branches shutting. Among the latest batch is one on Perth's business spine on St George's Terrace. The securitisation market re-opened last week, when CNH Industrial Capital issued a A$350 million issue of agricultural and construction equipment receivables. The $105 million of class A notes, which have a weighted average life of 0.3 years, were priced at 60 basis points over bank bills. Citbank will close around half its branches in Australia, the Australian Financial Review reports. The bank, which claims that 80 per cent of customer acquisition is digital, will maintain flagship branches in the capital cities.