Tag: ANZ

ASIC ban
May 30, 2022 BY Steffy Bogdanova

ASIC sues ANZ over incorrect fees and misrepresentations

The regulator alleged that the bank has not adequately fixed the problem and that customers continue to be affected. Between May 2016 and September 2021 ANZ also made false and misleading representations regarding withdrawal fees. According to the regulator, the bank continued with the misleading representation even after that period. Court added: This alleged misconduct…

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Wordline
April 01, 2022 BY Steffy Bogdanova

Worldline completes acquisition of majority stake in ANZ acquiring business

The new joint-venture with ANZ Bank will also Worldline to significantly expand its merchant acquiring business outside of Europe. It will provide the company direct access to an existing merchants’ portfolio. The company stated in the official announcement: The combination of ANZ’s strong market position and Worldline’s global scale, best-in-class technologies and payment expertise will…

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December 15, 2020 BY Steffy Bogdanova

ANZ is the first APAC bank to settle all 18 currencies on CLS

Margaret Law, Head of Client Management, APAC at CLS, commented: With the growth of FX trading particularly in Asian currencies, settlement risk has become an increasing concern for banks in the region, and it is essential that they consider executing appropriate FX settlement risk mitigation measures. We anticipate that other banks in Asia Pacific will…

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ANZ ends its $3 billion share buy-back program
March 25, 2019 BY Valentina Kirilova

ANZ ends its $3 billion share buy-back program

The Australia and New Zealand Banking Group Limited (ANZ) has announced on Friday (March 22) that it has completed its $3 billion on-market share buy-back with 108.7 million ordinary shares purchased under the program that commenced in January 2018. This equates to approximately a 3.7% reduction in ordinary shares on issue. ANZ Chief Financial Officer…

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October 18, 2018 BY Valentina Kirilova

Merrill Lynch's Mitchell Mason appointed ANZ CEO Japan

ANZ has just announced the appointment of Mitchell Mason as CEO Japan, reporting to Farhan Faruqui, Group Executive, International. Mr Mason brings 18 years of banking experience to ANZ, having worked previously at Bank of America Merrill Lynch and Deutsche Bank. Prior to joining ANZ, he was Managing Director, Japan Chief Operating Officer, and Member…

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ANZ launches smartphone ATM access in Australia
September 18, 2018 BY Valentina Kirilova

ANZ launches smartphone ATM access in Australia

The Australia and New Zealand Banking Group Limited (ANZ) has announced a new way for customers to access cash on the go, using only their smartphone or watch at 2,400 ATMs across Australia. ANZ customers will be able to withdraw cash from ANZ ATMs using their preferred mobile payments device instead of plastic cards across…

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Regulation
September 14, 2018 BY Valentina Kirilova

ASIC commences civil penalty proceedings against ANZ

Australian regulator ASIC has today commenced civil penalty proceedings in the Federal Court of Australia against Australia and New Zealand Banking Group Limited (ANZ) for an alleged continuous disclosure breach in relation to a $2.5 billion institutional share placement undertaken by the ANZ in 2015. On 6 August 2015, ANZ issued a release to the…

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ANZ names Jodi West CEO Vietnam
August 13, 2018 BY Valentina Kirilova

ANZ names Jodi West CEO Vietnam

ANZ has announced the appointment of Jodi West as CEO Vietnam, reporting to Farhan Faruqui, ANZ Group Executive, International. Ms West joined ANZ in 2015 as Head of Institutional FX Sales, Australia. Prior to ANZ, she held roles in the FX & Commodity sales team at both Citigroup and Barclays, and was also Head of…

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