News Articles for ANZ Banking Group

The Reserve Bank has held the cash rate at 3.6 per cent, ending 2025 on a pause as inflation proves stickier than expected.

Australia's central bank has held the cash rate steady at 3.6 per cent, amid an uptick in inflation readings and widely inline with market expectations.

Biofuel project backers have lauded a large federal government investment into domestic processing capacity as foundational for the nascent sector.

Big Four bank ANZ has been slugged with one of the largest penalties ever for widespread misconduct, ranging from overstating trades to charging dead customers.

ANZ has announced some 3,500 jobs will be cut over the next twelve months in a $560 million restructure, which will also see consultant numbers trimmed.

ANZ Bank's newly appointed chief executive says Australia is “an extraordinary case of stability” and as such was an attractive market for global investors.

Banks will pay more than $93 million to refund low-income customers who were charged excessive fees, after a review by the corporate watchdog.

The Reserve Bank delivered a 25-basis-point cut as predicted, but analysts warn the window for further easing may be narrowing.

A dispute between NXT TEC and ANZ has continued, with a Supreme Court judge describing some of the building technology company's pleadings as “embarrassing”.

The Reserve Bank of Australia has cut the cash rate for the first time since November 2020, but governor Michele Bullock has warned the inflation fight isn't over.

The heat's building over interest rates as Australia leads all comers in the race no-one wants to win.

ANZ Banking Group chief executive Shayne Elliott has announced his retirement, effective from July 2 next year.

Australia's big four banks will face a parliamentary grilling this week, including questions over ANZ's alleged manipulation of the bond market.

The federal treasurer has approved ANZ's plan to buy the banking arm of insurer Suncorp under a million-billion dollar deal, subject to conditions.

ANZ is paying to settle a lawsuit alleging the bank retrospectively cancelled credit card customers' interest-free periods.

Federal Treasurer Jim Chalmers will take his time to consider ANZ's acquisition of Suncorp Bank, after a tribunal overruled the consumer watchdog's refusal of the $4.9 billion sale.

Our weekly appointments wrap includes Martina Crowley, Michelle Tremain, Shelley Cable, Darshi Ganeson, Julie Keene, Kim Williams and Alan Joyce.

ANZ has been ordered to pay a $15 million penalty after admitting to misleading more than 186,000 customers over fees and interest charged.

Wages growth in Western Australia has outpaced other states and territories, according to the latest data from the Australian Bureau of Statistics.

Our weekly appointments wrap includes Bran Black, Jennifer Westacott, Paul Trengove, Justine Roberts, Terrence Winner, James Arnott and Deb Russell.

The competition regulator has blocked ANZ's acquisition of Suncorp's banking arm in what was a $4.9 billion transaction that would have shaken up the banking industry.

Rental demand is fast outrunning supply and low-income households are bearing the brunt of the rental affordability crisis, analysis shows.

Australia's third-largest bank has delivered a strong performance for the six months to March but warned of a difficult six months ahead.

Consumers are still down in the dumps although fresh inflation data is expected to point to easing cost-of-living pressures.

Consumer sentiment is still very low although mortgage holders have curiously regained some confidence ahead of the Reserve Bank's next cash rate decision.

Employers are still offering big sums to entice in-demand workers but growth in advertised salaries is starting to wane.

Australian consumers are feeling a little more upbeat but the nation's weekly measure of consumer confidence is still deeply in negative territory.

Western Australia has recorded the largest drop in retail sales in December compared to other states and territories, according to the latest monthly retail turnover data released by the Australian Bureau of Statistics.

The latest cash rate hike has mortgage holders worried as consumer confidence sinks to the lows of the pandemic.

As the Reserve Bank board prepares to announce an expected 25 basis point rise in the cash rate, figures show Australian trade surplus slipping.

Momentum is starting to slow down in the economy as the post-COVID rebound starts to fade.

Australian consumers have continued to favour Woolworths after the retail giant was reported as the nation's most valued brand at $16.2 billion.

The Labor government expects wages will keep growing strongly as inflation moderates, ultimately leading to real wage growth by 2024.

WA exports have doubled over five years to be $256 billion in the 12 months to November, while the national trade surplus was $13.2 billion in that month alone.

The eighth interest rate hike in a row has been met with indifference by consumers, with households likely banking on a pause at the next Reserve Bank meeting.

Potential buyers are assessing bids to rescue Firm Construction, which entered administration in late November.

The cash rate has hit its highest level since December 2012, with a $500,000 home loan now costing $880 more per month than before the hikes started in May.

Black Friday sales may be feeding into slightly elevated consumer confidence scores as savvy spenders pounce on discounted items.

Consumer confidence has recovered a little after weeks of declines, with people feeling slightly less bleak about the future of their finances and the economy.

ANZ has beaten earnings expectations across the board, but the results don't appear to have been strong enough to impress the market.