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Healthcare

BRIEF-ANZ Says Variable Remuneration Of Staff To Be Materially Reduced Given COVID-19 Impact

May 28 (Reuters) - Australia and New Zealand Banking Group Ltd:

* HAVE NOT RECEIVED ANY CONCERNS FROM AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ON LEVEL OF CAPITAL

* PREPARING ANZ FOR ‘COVID-NORMAL’ WITH URGENCY

* VARIABLE REMUNERATION OF STAFF, PARTICULARLY SENIOR EXECUTIVES, TO BE MATERIALLY REDUCED GIVEN COVID-19 IMPACT

* BUDGETS FOR VARIABLE REMUNERATION & SALARY INCREASES ALREADY BEEN SIGNIFICANTLY REDUCED Source text for Eikon: Further company coverage:

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