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Showing 11 - 20 of 103 results for "job cuts"

Former ANZ Wealth investment chief exits

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2020
... of economic activity and forecasting at the Reserve Bank of Australia, having served 10 years at the central bank. The job cuts were revealed last week when the FSU said ANZ leadership had sent a memo to staff reiterating the bank's commitment to rebuilding ...

ANZ wealth exit sees hundreds of jobs go

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... corporate citizenry," FSU Australia national secretary Julia Angrisano said. "Instead, [ANZ has instituted] large scale job cuts to boost their own profit at the expense of the broader economy is self-serving and short sighted." She added that Australia ...

Job cuts at RBC I&TS

KANIKA SOOD  |  MONDAY, 30 SEP 2019
RBC Investor & Treasury Services has cut an undisclosed number of jobs from its Australian offices, the company said. RBC I&TS declined to confirm the numbers, but they are understood to be less than 100 contractor roles. "This program was aimed at ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... management and lending businesses. In May, chair Mark Bouris announced the wealth business restructure will result in job cuts; Frank Ganis stepped down as group chief executive to a part-time role. In 2018, the wealth division's products, cost structure ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... about 459 more than the prior year. CBA recently faced mounting pressure to come clean as to the extent of its planned job cuts across its branches and technology division, alleged to affect 10,000 employees. Wealth management, which is made up of superannuation ...

Deutsche chief to buy shares amid turmoil

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUL 2019
... million. Sewing also released a video aimed at employees and shareholders, discussing the radical transformation and job cuts that have started at the bank. Speaking with Jorg Eigendorf, Sewing said of the new strategy: "I'm already in phase two. Phase ...

YBR overhauls wealth arm

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
Yellow Brick Road is restructuring its wealth business that will result in job cuts under the supervision of chair Mark Bouris. Its chief executive will also step down. YBR's board announced overnight it will commence to dispose, outsource or restructure ...

TAL restructures retail arm, announces job cuts

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
TAL is making major changes to its retail business that will make some jobs redundant after reviewing its recent acquisition of Asteron, Suncorp's Australian life insurance business. Realigning the retail businesses will consequently reduce headcount ...

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
... that revenue is muted because loan growth is slow." King referred to recent news Commonwealth Bank was considering major job cuts, which the Financial Services Union forced the bank to clarify. "Now, we've heard stories about Commonwealth Bank wanting ...

ANZ dismisses alleged job cuts

KARREN VERGARA  |  THURSDAY, 18 APR 2019
... service through the use of technology." The Financial Services Union has not received any confirmation from ANZ about job cuts as yet. Likewise, CBA is under pressure to disclose the extent of its planned job cuts across its branches and technology division ...