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Former ANZ chief Shayne Elliott.

Former ANZ chief Shayne Elliott drops legal action against bank

Elliott was denied $13.5 million in bonuses following a string of regulatory woes at the big four giant.

  • Clancy Yeates

Latest

The ASX is set for an uncertain start to the session.

ASX slips after Trump tariffs drama; banks and tech shares slide

The Australian sharemarket lost ground as investors digested the implications of the latest developments regarding US President Donald Trump’s trade war.

  • Staff reporter
The ASX hit an intraday high on Thursday.

ASX rises as banks and miners jump, while Wesfarmers falls

The Australian sharemarket hit a new high on a bumper day for the reporting season.

  • Staff reporter
NAB shares have soared on the back of its trading update.

ASX closes higher for third day straight as NAB jumps; Santos cuts jobs

The Australian sharemarket ended the day in the green as investors digested a raft of company results, with National Australia Bank jumping after a trading update. 

  • Staff reporter
ANZ chairman Paul O’Sullivan (left) with chief executive Nuno Matos.

ANZ won’t hesitate to wrest more bonuses from executives, says chair

Paul O’Sullivan told shareholders ANZ would continue to make decisions regarding unvested equity for its former executives “where appropriate”.

  • Dominic Powell
Former ANZ chief executive Shayne Elliott outside the Federal Court in October.

Former ANZ boss sues bank after losing $13.5 million in bonuses

Former ANZ boss Shayne Elliott has lodged legal action against the bank after it denied him millions of dollars in bonuses.

  • Clancy Yeates
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Andrew Irvine addresses the House standing committee on economics on Wednesday.

‘Sad’: Bank chief slams Australia’s political failure on net zero and energy

Amid an intense political debate over energy prices and net zero, one of the nation’s top bankers says the current state of play is sad.

  • Shane Wright and Millie Muroi
ANZ chief executive Nuno Matos says ANZ’s retail and business banking units are underperforming.

ANZ boss vows to reignite mortgage growth as market share slides

ANZ’s boss says its growth in mortgages was being held back by staff shortages and a past decision not to participate a government scheme for first home buyers.

  • Clancy Yeates
Former ANZ retail boss Maile Carnegie (L), former chief executive Shayne Elliot, and Mark Whelan, ANZ’s current head of institutional bank (R), have all lost their bonuses.

Clawing back millions from top bosses isn’t easy but one bank just did it

A former ANZ boss has had his bonus payment ransacked to the tune of $13.5 million in another sign that his successor is serious about cleaning house at the big bank.

  • Elizabeth Knight
ANZ boss Nuno Matos outlined new targets for the bank at a much-anticipated investor day on Monday.

‘Improbable’: ANZ’s boss is trying to defy history

Nuno Matos wants the bank to do something no other Australian bank has been able to do, analysts say, and that includes reducing its reliance on consultants.

  • Clancy Yeates