Commonwealth Bank, Westpac, NAB, ANZ reveal RBA interest rate prediction following ‘weak’ jobs data

Australia’s Big Four banks expect the Reserve Bank of Australia (RBA) will keep the cash rate on hold this month, with a November cut firmly on the cards. The unemployment rate held steady at 4.2 per ... Read More

158 more Aussie jobs axed as Bendigo Bank joins NAB, ANZ and CBA in 'destructive' mass redundancies: 'Scrapheap'

Bendigo Bank is the latest financial institution to announce sweeping job cuts, as thousands of bank workers across Australia face unemployment. The revelation comes just after NAB announced more than ... Read More

Australian Treasurer Calls ANZ CEO Over Job Cuts, The Australian Says

Australian Treasurer Jim Chalmers spoke to ANZ Group Holdings Ltd.’s boss Nuno Matos on Tuesday about the bank’s plan to cut thousands of jobs, the Australian reported. Read More

Australia's ANZ to cut 3,500 jobs as new CEO Matos takes charge

ANZ Group's new CEO Nuno Matos warned of more changes to come at the Australian lender after the announcement of 3,500 job cuts on Tuesday, but said the decisions would safeguard its future growth. Read More

Australia's ANZ Bank to Cut 3,500 Jobs in A$560 Million Restructure -- Update

SYDNEY--ANZ Group will cut more than 8% of its workforce and record almost US$370 million in costs as Australia's fourth-largest bank restructures under its new chief executive. Read More