The Australian sharemarket moved higher as investors piled into mining and energy shares,amid a bounce in commodity prices.
For the super fund giants and major overseas investors that load up on only the biggest ASX companies,it’s likely to be slim pickings among the blue chips.
Generation Z customers are a growing and critical market for banks,but they are also the most likely to switch to a rival.
Donald Trump is a fan of these digital assets,and some analysts agree they are genuinely useful for moving money and could challenge lending giants.
Paul O’Sullivan told shareholders ANZ would continue to make decisions regarding unvested equity for its former executives “where appropriate”.
Westpac has conducted an internal investigation into fraud in its business banking division that staff say has been driven by a toxic,sales-focused culture.
Former ANZ boss Shayne Elliott has lodged legal action against the bank after it denied him millions of dollars in bonuses.
Funds managing hundreds of billions of dollars are backing shareholder resolutions from environmental groups pushing for change at Westpac and NAB.
As the Coalition spoils for a fight over the issue,the boss of the Commonwealth Bank told parliament that the government should set a target to provide certainty for infrastructure planning.
As major bank bosses prepare to be questioned in Canberra this week,one of the big four has gamed its appearance particularly well.