Shayne Elliott
Updated
Earnings season
ANZ boss warns of widening financial stress as profits slide 7 per cent
ANZ chief executive Shayne Elliott said there were “very real stresses” in the economy, but that much of it was outside the banking system.
- by Millie Muroi
Latest
Opinion
Mergers & acquisitions
The competition decision that snookered the treasurer
It’s a sticky decision for Treasurer Jim Chalmers given his government has been waging a war on the dominant players in concentrated industries.
- by Elizabeth Knight
Updated
Mergers & acquisitions
ANZ wins green light for $4.9b Suncorp bank takeover on appeal
The Australian Competition Tribunal has overturned the competition watchdog’s decision not to allow ANZ’s proposed acquisition of Suncorp’s banking arm.
- by Millie Muroi
ANZ boss warns of tough economic year ahead, more customers to face financial difficulty
Shayne Elliott signalled the bank would remain “competitive but not market-leading” in its mortgage pricing as it looks to grow home loans profitably amid high inflation and interest rates.
- by Millie Muroi
Opinion
Big four
Bank bosses cut loose in a war of words
Now that all the major banks have reported their 2023 profits, the conventional notion that Australia’s big four lenders act as a herd is being challenged.
- by Elizabeth Knight
Opinion
Investing
Why Shayne Elliott’s future hinges on the ANZ-Suncorp deal
The competition regulator has been criticised for blocking ANZ’s bid to acquire Suncorp bank. But why are no hard questions being asked of ANZ’s chief executive, Shayne Elliott?
- by Anne Hyland
Australian banks amp up tech talent wars in India
The big four banks are expanding their back office footprint in India, citing a shortage of necessary technology talent in Australia.
- by Clancy Yeates
ANZ boss eyes institutional bank investment
ANZ is keen to invest more capital into the part of the bank that services big corporations, a sector that’s benefiting from volatility.
- by Clancy Yeates
‘We want to grow’: India’s wealth is exploding and ANZ wants a piece of the action
Business hopes for the Indian economy haven’t always paid off, but ANZ Bank’s top brass are convinced this time is different.
- by Clancy Yeates
Updated
Earnings season
ANZ chief doubles down as mortgage war escalates
Shayne Elliott says that while some rivals are walking away from the home loans business, ANZ will not step back from a mortgage market that is the most competitive he has seen.
- by Clancy Yeates
US bank shock has potential for financial crisis, says ANZ chief
The boss of Australia’s fourth-largest bank believes banking regulations will be altered permanently after recent shocks in the US and in Europe.
- by Jessica Yun