Briefs: ANZ confirms its share trading platform is on the market, Pepper enters Spanish JV, SCU to p
ANZ has confirmed that it may sell its online broking business, ANZ Share Investing. There has been plenty of speculation about the future of the business, formerly E*trade, which ANZ acquired in 2007. The bank said in a statement that it was "exploring options for ANZ Share Investing that may include a sale of its share trading platform." It said it was committed to providing customers with access to a share trading platform but believed it could achieve a better outcome by partnering with a specialist provider.Pepper Group has entered a joint venture in the Spanish unsecured consumer finance market with Banco Popular, Spain's sixth largest bank. In addition to the Spanish joint venture the two banks will pursue business opportunities in Europe, Asia and the Americas. Banco Popular will take a five per cent stake in Pepper.Sydney Credit Union will pay three of its 11 directors a retirement payment of A$39,970 each if members agree at a special meeting this month. The SCU board resolved to cut director numbers to eight. Director numbers swelled in 2014 following a merger with Allied Members Credit Union. SCU has around $800 million in assets. The Australian Securities and Investments Commission has permanently banned a former Aussie Home Loans broker for loan fraud. An ASIC investigation led to Emma Feduniw, also known as Emma Kalil, being convicted on eight charges relating to home loan fraud. Feduniw provided documents in support of eight loan applications knowing that they contained false or misleading information about the applicant's employment.