ANZ freak show continues 27 August 2024 7:18AM Latest news Ian Rogers ANZ are in a stew of their own making and APRA has tolerated inaction by ANZ for years. Belatedly, APRA is cracking down. read more
Little to bother big NZ banks in competition report 21 August 2024 1:01AM Latest news Ian Rogers The considered underinvestment by the four big banks in New Zealand in their core systems is one of the bedrocks of the oligopoly’s long-running dominance of the country’s banking sector, the New Zeal.. read more
LET'S SET THINGS STRAIGHT 09 August 2024 4:39PM Latest news Banking Day staff OUR CHEAPEST SUBSCRIPTION OFFER IN 20 YEARS read more
ANZ odd bank out on fee harm 15 July 2024 10:17PM Latest news Ian Rogers Four of the six largest banks have refunded or will refund more than $28 million to low income customers following a collaborative ASIC review. read more
ANZ sanctioned over deceased estate fees: BCCC 03 July 2024 6:43AM Latest news Bernard Kellerman The Banking Code Compliance Committee has sanctioned ANZ for not stopping or refunding fees for deceased estates, and for not responding to representatives of deceased estates within the required time.. read more
History sour on ANZ value in Suncorp Bank 02 July 2024 5:58AM Latest news Bernard Kellerman and Ian Rogers The ANZ PR machine has forceful, via Bluenotes and national media, over the value the bank plans to deliver following the long-expected final approval – from the Treasurer, on Friday – for ANZ’s takeo.. read more
Staffing problem persists for major banks 13 June 2024 6:26AM Latest news Ian Rogers Too little time is spent considering the unbelievable personnel costs line, which blows away any remaining claims to efficiency or productivity in banking read more
NZ banks defer regional branch closures 02 June 2024 9:26PM Latest news Ian Rogers A trial of regional banking hubs in New Zealand has flopped, and so instead NZ’s five largest banks will extend their commitment not to close regional branches for the next three years. read more
Revamping history, ANZ style 31 May 2024 3:56PM Latest news Ian Rogers The much enlarged and reconsidered ANZ Bank museum in Collins Street in Melbourne is worth a bit of time. read more
All costs, some care in Senate report on bank branch closures in regional Australia 27 May 2024 6:36AM Latest news Ian Rogers Re-establishing a government owned bank, one with a focus on assuring the supply of financial services in regional areas, is the chief proposal in the report of the Senate’s Rural and Regional Affairs.. read more
Big banks and brokers the best of frenemies 09 May 2024 12:58AM Latest news John Kavanagh Banks are looking for ways to preserve margins in their home loan businesses and one area where they are taking a harder look is their relationships with brokers. read more
ANZ Plus hitting its straps 08 May 2024 5:51AM Latest news John Kavanagh After two years of operation, ANZ’s digital retail brand ANZ Plus is growing customer numbers and deposits strongly and is proving its value as an efficient banking platform. read more
ANZ results at a glance 08 May 2024 5:48AM Latest news John Kavanagh ANZ reported a net profit of A$3.4 billion for the six months to March 2024 – a fall of 4 per cent. read more
Bank branch closure inquiry wraps 17 April 2024 3:16AM Latest news Ian Rogers A bank branch (mainly NAB’s) closed in regional Australia every 5 days since a Senate inquiry into bank closures in regional Australia was announced early last year. read more
Deposit mix key to banks managing rate cuts 16 April 2024 4:59AM Latest news John Kavanagh Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more
More branch closures ahead 08 April 2024 6:43AM Latest news John Kavanagh Westpac leads the move to shut bank branches, with 167 closures last year, according to new research. read more
Climate litigation heats up 15 March 2024 5:04AM Latest news John Kavanagh Climate advocacy groups and investors have stepped up their use of litigation to try and speed up the move to net zero and, while energy and resource companies and government bodies are the main targe.. read more
Moody's downgrades Bendigo and BOQ, upgrades two banks 07 March 2024 5:54AM Latest news Ian Rogers The application of Moody’s revised Advanced Loss Given Failure analysis to certain Australian banks yesterday has led to a shake-up of credit ratings for four banks, including two downgrades for regio.. read more
Tired Suncorp Bank easy meat for ANZ 06 March 2024 4:01AM Latest news Ian Rogers The barely challenged lack of competitiveness or even relevance of Suncorp Bank is the dark heart underlying the full decision of the Australian Competition Tribunal to grant authorisation for ANZ to.. read more
AML bothers Suncorp Bank as sale nears 27 February 2024 5:36AM Latest news Ian Rogers Suncorp Bank’s swansong result highlights the task ahead for ANZ, defending a franchise and extracting value from a business beset by margin headwinds and increased expenses. read more