ANZ news

  • Wave of rate cuts begins by Adam Smith

    Majors and second tiers have continued to respond to this week's RBA rate cut by dropping standard variable rates

  • Difficult conditions here to stay: ANZ by Adam Smith

    ANZ has announced a $5.36bn full-year statutory profit, but said difficult business conditions will be here "for some time"

  • No more major mergers: Norris by BN

    Having benefited greatly from a merger during the financial crisis, Commonwealth Bank CEO Ralph Norris has declared that the era of major acquisitions for the Big Four is now over

  • Big four have extra $8.1bn in their pockets by BN

    Having prepared for a worst-case scenario, the major banks suddenly find themselves in the middle of an economic recovery with bad debt write-offs nowhere near what was previously estimated.

  • ANZ first to raise rates by BN

    ANZ bank is the first to announce it will raise rates following the RBA's decision to increase the official cash rate by .25%.

  • NZ High Court rules against Westpac by BN

    Westpac has lost its legal battle with New Zealand's Inland Revenue Department (IRD) over tax avoidance, the department announced today.