Commonwealth Bank of Australia Chair Paul O’Malley signaled his intention for Chief Executive Officer Matt Comyn to remain as boss of the country’s biggest lender until at least 2028.
Australia’s banking regulator removed the requirement for Westpac Banking Corp. to hold an additional A$500 million ($324 million) in capital, citing improvements in risk management and governance.
ANZ Group Holdings Ltd. will halt its stock buyback and add more bankers as part of a push to lift performance under a wider overhaul of the Australian lender.
Cboe Global Markets Inc. received regulatory approval to conduct stock listings in Australia, bringing it closer to challenging the nation’s embattled main exchange operator ASX Ltd.
Macquarie Group Ltd. will pay back around A$321 million ($211 million) that thousands of Australian retirement savers put into a now-collapsed fund offered via its platform.
The operator of Australia’s largest stock exchange has “considerable work to do” to meet the expectations of regulators, the Reserve Bank said in a signal that moves until now haven’t been enough.
ANZ Group Holdings Ltd.’s Chief Risk Officer Kevin Corbally is stepping down from the role, but will remain with the bank as it undergoes a major overhaul under its new boss.
National Australia Bank Ltd., the nation’s second-largest lender by market value, is cutting 410 jobs within its technology and enterprise operations division, according to the Finance Sector Union.
ANZ Group Holdings Ltd.’s chief risk officer for data and technology will leave the bank this month as Chief Executive Officer Nuno Matos works to revamp the Australian lender, Capital Brief reported.