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Showing 21 - 30 of 78 results for "Shayne Elliot"

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... (ABA). The position is rotated between the chief executives of Australia's major banks, with ANZ chief executive Shayne Elliot stepping down from the role. Comyn aims to rebuild consumer trust in Australia's banking sector following the Hayne Royal Commission ...

ANZ profits hit by remediation, low rates

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
ANZ's full year profit fell 7% to $5.95 billion compared to last year, with the bank blaming record low interest rates, increased regulation and a rise in customer remediation costs. ANZ chief executive Shayne Elliott said: "This has been a challenging ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
An RBA rate cut won't happen on Melbourne Cup Day, 5 November. But it will happen - perhaps down to negative and up to the point where the Australian central bank is forced into quantitative easing and print Australian dollars. This is because latest ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... to empower customers to more easily shop around for the financial service that best meets their needs." ANZ chief Shayne Elliot also responded, and said the inquiry was a good opportunity to provide facts "in what is a complex space". "We hope it [the ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
The $154 billion sovereign wealth fund voted against equity grants to Pinnacle Investment Management's managing director Ian Macoun and two executive directors, a summary of its proxy voting for FY19 shows. Future Fund was happy to support re-election ...

ANZ scraps individual bonuses

HARRISON WORLEY  |  TUESDAY, 6 AUG 2019
... impact" an over emphasis on individual bonuses within banks have on the community, according to chief executive Shayne Elliot. "We are taking action to rebalance the way we pay people so that variable remuneration is a smaller part of our people's take ...

More scrutiny for super fund, insurance firm chiefs

KARREN VERGARA  |  MONDAY, 5 AUG 2019
Top executives of superannuation funds and life insurance companies could soon face another inquiry that has traditionally put the blowtorch on the chiefs of the four major banks. The Coalition has asked that the House of Representatives Standing Committee ...

ANZ serious on cost cuts

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... executive said his plans for a streamlined bank should save the company roughly $1 billion by 2022. ANZ chief executive Shayne Elliot said: "We will continue to simplify and strengthen the bank, including exiting, shrinking and closing non-core businesses ...

ANZ boosts remediation team

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... by more than 50%. Currently ANZ's remediation provisions stand at $698 million, and according to chief executive Shayne Elliot, the bank has no choice but to "get on with it." "What we recognise is if you stand back and think about the environment, we've ...

ANZ reshuffles leadership team

JAMIE WILLIAMSON  |  THURSDAY, 28 FEB 2019
ANZ is shedding its single governance and accountability structure, appointing two group executives to share responsibility for the Australian business' financial performance. The bank is introducing a new management structure to better navigate the ...