ANZ sees profits plummet, plans to exit thermal coalBY ANNABELLE DICKSON | THURSDAY, 29 OCT 2020 12:00PMANZ has felt the wrath of the pandemic, reporting a 42% loss on cash profit in its full year results as it tries to protect itself from future credit losses. It has also updated its climate policy, saying it will exit thermal coal by 2030. Related News |
Editor's Choice
ASIC accuses Kalkine of providing unlicensed advice
The regulator said it has concerns Kalkine's customer service representatives were providing unlicensed financial advice.
Super tax debate suffocates action for low-income Australians
As politicians, industry groups, and financial experts spar over the $3 million super tax, which will only affect a fraction of Australians, another critical problem is being ignored.
Why emotions, cash derail good investments
While we know that during turbulent times it is critical not to let emotions get in the way of investing, an investment expert and former policymaker says it is equally important to remain active and not lean in on cash.
ANZ Staff Super loses investment head
The staff superannuation scheme's investment head has resigned after less than a year in the role.
Products
Featured Profile

Liz McCarthy
CHIEF EXECUTIVE OFFICER, MLC EXPAND
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Liz McCarthy has spent her whole life on the move, which has taught her invaluable lessons about life, work and always moving forward. Eliza Bavin writes.