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Australia Regulator Raises ANZ’s Capital Add-On to A$1 Billion

Summary by Bloomberg

Australia’s regulator told ANZ Group Holdings Ltd. to hold an additional A$250 million ($157 million) in capital due to long-standing risk management flaws that remain at the lender, as challenges mount for incoming Chief Executive Officer Nuno Matos.

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Sydney Morning Herald

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The Age

Lean Left

ANZ hit with $1b capital charge, forced to undertake review

ANZ has been forced to undertake a widespread review into its entire organisation after the financial regulator flagged issues stemming from the bonds trading scandal “may be present in other parts of the bank”.

5 hours ago·Sydney, Australia

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Bloomberg

Lean Left

Australia Regulator Raises ANZ’s Capital Add-On to A$1 Billion

5 hours ago·United States

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Australian Financial Review

Lean Right

What to expect from ANZ’s new chief executive Nuno Matos

If the new ANZ boss’ execution mandate turns into executioner, investors will not mind. The first 100 days will be telling.

1 day ago·Sydney, Australia

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fool.com.au

ANZ share price sinks on APRA bombshell

The ANZ Group Holdings Ltd (ASX: ANZ) share price is sinking on Thursday. In morning trade, the banking giant's shares are down 3.5% to $28.62. Why is the ANZ share price sinking? Investors have been hitting the sell button today after the big four bank confirmed that it has entered into a court-enforceable undertaking (EU) with the Australian Prudential Regulation Authority (APRA). This is in relation to shortcomings in its non-financial risk m…

3 hours ago

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