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Australia and New Zealand Banking Group Ltd (ANZBY.PK)

ANZBY.PK on OTC Markets Group

23.85USD
24 Mar 2017
Change (% chg)

$0.38 (+1.61%)
Prev Close
$23.47
Open
$23.88
Day's High
$24.03
Day's Low
$23.61
Volume
33,584
Avg. Vol
42,050
52-wk High
$24.83
52-wk Low
$16.65

Latest Key Developments (Source: Significant Developments)

Australia and New Zealand Banking agrees to enforceable undertaking with ASIC
Tuesday, 14 Mar 2017 09:23pm EDT 

Australia And New Zealand Banking Group Ltd : ANZ agrees to enforceable undertaking with ASIC . Confirmed it entered into an enforceable undertaking with Australian Securities and Investments Commission . Enforceable undertaking following review of spot foreign exchange trading between January 2008 and June 2013 . ANZ will make a $3 million contribution to Financial Literacy Australia . "Accept that during this period aspects of our supervision and monitoring of spot FX business were not good enough" .Independent expert will be appointed to assess relevant systems and controls within ANZ's markets business.  Full Article

CMC Markets to partner Australia and New Zealand Banking Group
Wednesday, 8 Mar 2017 02:20am EST 

Cmc Markets Plc : Announces partnership with Australia and New Zealand Banking Group Ltd . Following transition period, CMC will service over 500,000 ANZ retail stockbroking clients under ANZ share investing brand . Gross revenue received from CMC's stockbroking business is projected to increase by approximately A$40 million Further company coverage: [CMCX.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Australia and New Zealand Banking Group announced agreement with CMC Markets to provide share trading solutions
Wednesday, 8 Mar 2017 02:09am EST 

Australia And New Zealand Banking Group Ltd - : Announced an agreement with CMC Markets to provide a market leading share trading solution to customers . ANZ will decommission its current trading platform following customer migration . ANZ will continue to manage and provide existing investment lending and cash management solutions . ANZ will continue to manage and provide existing investment lending and cash management solutions . It is expected customers will transfer to new platform by September 2018 . Financial impact of agreement and costs associated with decommissioning anz platform are not material to group .Will work with CMC markets to identify opportunities for its existing ANZ share investing employees.  Full Article

Australia and New Zealand Banking Group qtrly cash profit up 31 pct
Thursday, 16 Feb 2017 04:00pm EST 

Australia and New Zealand Banking Group Ltd : Qtrly cash profit of $2.0 billion up 31% . Q1 statutory net profit $1.6 billion up 8% . APRA common equity tier 1 (cet1) ratio was 9.5% at 31 December . Qtrly net interest margin (NIM) declined several basis points (bps) reflecting lower earnings on capital and higher funding costs . Q1 saw a positive start to year . Qtrly markets income of $706 million . "Outlook on provisions is also a little more positive." . Total provision charge was $283 million with individual provision (ip) charge $325 million for quarter . "Still a great deal to do to sustain progress in a low growth environment" . Credit environment is marginally better than we expected at time of our 2016 full year result . "Initiatives including applepay, androidpay driving ongoing net customer acquisition gains in australian retail transaction banking" .Provision charge in 2017 to remain broadly same as a percentage of gross lending assets.  Full Article

Veritas Investments updates on banking facility agreement
Tuesday, 13 Dec 2016 11:04pm EST 

Veritas Investments Ltd : Revised anz facility agreement contains a number of undertakings and milestones for group . veritas is also required to close and wind down nosh by 31 march 2017, if it cannot be sold by that date . Has entered into a committed term sheet with anz in relation to group's banking facilities . "board cannot be certain that a sale of nosh can be agreed by that date" .sale or closure of loss-making nosh business would result in non-cash asset write-downs and one-off expenditure.  Full Article

ACCC says Federal Court imposed penalties on ANZ and Macquarie for attempted cartel conduct
Tuesday, 13 Dec 2016 09:23pm EST 

Australian Competition and Consumer Commission: Federal court has imposed multi-million dollar penalties on Australia And New Zealand Banking and Macquarie Bank for attempted cartel conduct after action by ACCC .The banks were also ordered to contribute to the ACCC's costs.  Full Article

Jason Holdings updates on legal proceedigs
Monday, 5 Dec 2016 07:55am EST 

Jason Holdings Limited : Adjournment Of Hearing For Winding Up Application Against The Company . Winding up application was heard by high court of republic of singapore . adjournment of hearing for winding up application by australia and new zealand banking group limited, singapore branch, against jason .Updates announcement regarding winding up application taken out by australia and new zealand banking group limited against co.  Full Article

Jason Holdings updates on claim by ANZ against a director of Co
Thursday, 1 Dec 2016 10:10am EST 

Jason Holdings Limited : Solicitors for anz filed a bankruptcy application against mr sim choon joo, an executive director of company . Bankruptcy Application Against Director Of The Company . Bankruptcy application is fixed for hearing on 15 december 2016 in high court of republic of singapore . Trustee in bankruptcy proposed to be appointed by anz is chan yee hong from nexia ts risk advisory pte ltd. .On 24 november 2016, bankruptcy application was served on sim choon joo.  Full Article

Fitch says Australia's major banks face more profitability pressure
Tuesday, 8 Nov 2016 07:36pm EST 

: Fitch: Australia's major banks face more profitability pressure . Fitch - Operating profit of Australia's 4 major banks likely to be under further pressure in next 12 months from stress in mining, apartment-building sectors .Fitch - Australian banks are still likely to remain highly profitable compared with their international peers.  Full Article

Fitch says Australia's major banks face more profitability pressure
Tuesday, 8 Nov 2016 05:31pm EST 

: Fitch: Australia's major banks face more profitability pressure . Fitch - Operating profit of Australia's 4 major banks likely to be under further pressure in next 12 months from stress in mining, apartment-building sectors .Fitch - Australian banks are still likely to remain highly profitable compared with their international peers.  Full Article

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