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Australia and New Zealand Banking Group


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+Vote!

ANZ faces biggest credit dangers

ANZ Bank has been singled out ahead of other big Australian banks as most at risk of further material provisions because of its long credit default swap positions, potentially running to $2.4 billion, based on international comparisons.

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Richard Wagstaff : Don't bank on logic from ANZ

Last week, ANZ Bank's chief economist, Cameron Bagrie, issued a report claiming that government spending is skewed towards unproductive back-office services, not front-line activities. As I searched for a copy of the report, I...

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More banks lift home rates

ANZ joins CBA in ramping up mortgage rates days after RBA decided there was no need to.

1Vote!

ANZ Bank launches new service in Vietnam

The ANZ Viet Nam, an affiliate of the Australia and New Zealand Banking Group (ANZ), on July 10 introduced a new service, mobile banking, in Hanoi. Speaking at the launching ceremony, ANZ Viet Nam Executive Director Matt Millard said that ANZ considered Vietnam one of its three key markets in Asia-Pacific and the new free service is one of the bank’s efforts to expand its operations in the

1Vote!

Asia Markets: Financials recover in Tokyo, but drag on Sydney

HONG KONG (MarketWatch) -- Asian markets were mixed Thursday, as lenders such as Australia and New Zealand Banking Group lost ground in Sydney on worries about the U.S. financial sector, but banking and brokerage shares came off their early lows in volatile Tokyo and Seoul trading.

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The costly bureaucracy

The Herald and the Dom Post report on a paper by ANZ National Bank chief economist Cameron Bagrie. The paper looks at how much spending actually goes into back-office costs rather than front-line services. In a paper released yesterday Bagrie plots the changing - and by implication deteriorating - mix of Government spending over the past [...]

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Admin gobbling up more Govt money, says expert

An ever-increasing share of Government spending is going on back-office services like administration rather than front-line functions such as paying nurses and teachers, ANZ National Bank chief economist Cameron Bagrie says. In...

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Immigration forcing down standards?

What are some of the consequences of Prime Minister Rudd pushing immigration to record levels? Well, pity the first home buyer. According to the ANZ bank, housing prices are set to soar again due to pent up demand : The ANZ's senior economist, Paul Braddick, said yesterday that Australia faced a critical and potentially chronic shortage of housing. "A growing housing shortage is setting the scene for...

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ANZ: Business expanding in Vietnam to be top priority

The Australia ANZ Bank is boosting its business expanding plan in Asia, aiming at merging with a Viet Nam bank and opening 4 branches at least in Viet Nam by the end of this year. The ANZ Asia Pacific group Managing Director Alex Thursby said the business expanding in Viet Nam is o­ne of the top priority of ANZ. The new merged bank will improve ANZ's service network, aiming at better meeting

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ANZ Bank launches mobile banking service

The Australia and New Zealand Banking Group (ANZ) launched Vietnam’s first mobile banking service Friday. ANZ said the latest service would allow its customers in Hanoi and HCMC to carry out banking activities at a time and location that suited them. “People have limited time these days and this service will make banking easier,” ANZ Vietnam Retail Banking General Manager Philip Crouch said.

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Australian job ads decline 3% in June: ANZ

Job ads fall sharply in June, bank says. 7 Jul 2008 12:05 PM

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Chimaera, ANZ face legal battle

A STOUSH is brewing between stockbroking group Chimaera and its creditor ANZ over the contents of a due diligence report.

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ANZ Bank: revelations from the executive level

If you follow my ramblings, even when they don’t make sense, you know I had my knives out for the ANZ National Bank here in New Zealand for what I think is questionable practice. So it was interesting to meet a few people tonight who are employees of the bank , one of whom was very staunch about defending her workplace against my charges about, well, bank charges . Humble pie time first: Sir John Anderson...

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ANZ may face Chimaera legal fight

Talk bank's employees told Chimaera's clients funding would go ahead: paper. 5 Jul 2008 3:15 AM

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ANZ under fire over Primebroker

ANZ Bank may find itself at the centre of another legal battle, this time involving the troubled Chimaera financial group.