ANZ Bank Plans To Fire 170 Commercial Banking Staff, Union Says LeapRate

February 13, 2024 BY Simon Mugo

ANZ Bank Plans To Fire 170 Commercial Banking Staff, Union Says

In recent years, the Australian banking sector has consistently pushed towards digitisation and automation, aiming to streamline operations and enhance customer service. This shift has led to reevaluating staffing needs, particularly in back-office roles increasingly being augmented or replaced by advanced technologies. While ANZ has refrained from officially confirming the exact number of job reductions,…

February 12, 2024 BY Simon Mugo

ANZ Bank’s Shares Rise to a 22-Month High on Q1 In-Line Revenues

By 2320 GMT, the shares had climbed nearly 1% to A$27.93, reaching levels not seen since April 21, 2022, in contrast to a 0.3% decrease in the broader market index. The bank's institutional banking services have seen a surge in demand, leading to a record annual profit last year, boosted significantly by a payments platform…

June 05, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: IG Group expects doubled revenue in Q4 FY20, Pepperstone expands in Dubai

The Australia and New Zealand Banking Group Limited (ANZ) announced the sale of UDC Finance, its asset finance business in New Zealand, for NZ$762 million to Shinsei Bank Limited. The sale is inline with ANZ’s strategy to simplify its business and follows a review of UDC Finance. The purchase price represents a price-to-book ratio of 1.2x…

June 02, 2020 BY Steffy Bogdanova

ANZ bank to sell its asset finance business UDC Finance for NZ$762 million

ANZ Bank New Zealand CEO Antonia Watson commented: Shinsei Bank intends to preserve UDC’s operations, retain UDC employees and provide long term capital to maintain and grow customer lending in New Zealand. The sale will also mean UDC Finance will continue to operate as an independent finance company and enhance competition in the asset finance…

Tag: ANZ bank