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Top related persons:
Shayne Elliott - 5 Byron Kaye - 2 Stephen Coates - 2 NIM - 1 Lucy Craymer - 1 we've - 1 Rishav Chatterjee - 1 Roushni Nair - 1
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Melbourne Lambton Quay Wellington , New Zealand Sydney Bengaluru Israel
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ANZ - 5 Thomson - 2 Trump - 1 Suncorp Bank - 1 Westpac - 1 National Australia Bank - 1 midsession - 1 ANZ Bank - 1

Search resuls for: "Shayne Elliott"


11 mentions found


☆ Change and uncertainty from a second Trump presidency is a 'really big opportunity' for ANZ: CEO
  + stars: | 2024-11-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChange and uncertainty from a second Trump presidency is a 'really big opportunity' for ANZ: CEOShayne Elliott, CEO of ANZ, explains why he believes that the uncertainty and change from a second Trump presidency is a 'good thing' for banks.
Persons: Shayne Elliott Organizations: Trump, ANZ
☆ ANZ CEO says Suncorp Bank acquisition is 'important but not critical' to the group
  + stars: | 2023-11-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailANZ CEO says Suncorp Bank acquisition is 'important but not critical' to the groupShayne Elliott, CEO of ANZ says the bank's strength is coming from its international diversification, adding that the proposed acquisition of Suncorp Bank would be "exciting" for its Australian retail banking division.
Persons: Shayne Elliott Organizations: ANZ, Suncorp Bank
☆ Australia's ANZ posts record FY profit, investors fret over mortgage pressure
  + stars: | 2023-11-12 | by ( Byron Kaye Rishav Chatterjee | Byron Kaye | Rishav Chatterjee | ) www.reuters.com   time to read: +3 min
That pushed net profit from the bank's institutional unit up 53% to overtake its retail unit, by dollar value, in the year to September, and helped the Melbourne-listed company grow overall profit 14% to A$7.4 billion ($4.7 billion), just missing a Visible Alpha consensus forecast of A$7.56 billion. But analysts expressed concern about a faster-than-expected narrowing of profit margin from the bank's retail unit, the only one of Australia's so-called big four lenders that has persisted with offering cash handouts to lure mortgage customers looking for a cheaper deal. The logo of the ANZ Bank is seen at Lambton Quay, in Wellington, New Zealand November 10, 2022. ANZ CEO Shayne Elliott denied forgoing margin to grow mortgages faster than the market, and challenged comments from other banks that have said they were intentionally slowing mortgage growth while competition eroded profit. ANZ declared a final dividend of 94 Australian cents per share, up from 74 cents a year ago.
Persons: NIM, Lucy Craymer, Shayne Elliott, we've, Byron Kaye, Rishav Chatterjee, Roushni Nair, Lisa Shumaker, Stephen Coates Organizations: ANZ, Westpac, National Australia Bank, midsession, ANZ Bank, REUTERS, UBS, Thomson Locations: Melbourne, Lambton Quay, Wellington , New Zealand, Sydney, Bengaluru
☆ Israel-Hamas conflict: The risk premium has gone up, ANZ CEO says
  + stars: | 2023-10-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Hamas conflict: The risk premium has gone up, ANZ CEO saysShayne Elliott, CEO of ANZ, says the impact of the Israel-Hamas conflict won't be linear but "geometric."
Persons: Shayne Elliott Organizations: Israel, ANZ Locations: Israel
☆ Australian bank ANZ breaks from rivals by backing loan buffer
  + stars: | 2023-07-12 | by ( Byron Kaye | ) www.reuters.com   time to read: +2 min
ANZ's three larger rivals have started considering lending without applying the 3% buffer, saying it is disadvantaging some borrowers. "Of course we should build in buffers," ANZ CEO Shayne Elliott told parliament in a regular hearing the country's main bank bosses are required to attend. Even first home buyers who bought soon before the rate hikes, the category most exposed to higher repayments, "are performing remarkably well", Elliott said. People coming off low fixed-rate mortgages, facing far higher variable rates, were "less stressed than the average customer," he added. ($1 = 1.4939 Australian dollars)Reporting by Byron Kaye; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Shayne Elliott, Elliott, They're, it's, Byron Kaye, Stephen Coates Organizations: SYDNEY, ANZ Group, Prudential Regulation Authority, APRA, ANZ, Thomson
☆ ANZ's half-year profit tops estimates but outlook downbeat
  + stars: | 2023-05-04 | by ( ) www.reuters.com   time to read: +1 min
Competition in retail banking is as intense as it has ever been, both in Australia and New Zealand," Chief Executive Officer Shayne Elliott said. 2 lender National Australia bank (NAB.AX) said its margins had peaked during the last half and warned of uncertainties amid a tougher credit environment ahead. ANZ's net interest margin, a key gauge of profitability, was at 1.75% at the end of March, compared with 1.58% last year. Margins at the Australian lender have swelled from a series of interest rate hikes by the central bank since May last year, but analysts have warned margins could plateau going forward. ($1 = 1.4945 Australian dollars)Reporting by Navya Mittal and Savyata Mishra in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
☆ SVB deal helps to steady banks amid credit crunch concerns
  + stars: | 2023-03-27 | by ( ) www.reuters.com   time to read: +5 min
The sudden collapse of tech-focussed SVB earlier this month destabilised the sector and drew some of Europe's biggest banking names into investors' focus. In March, the Stoxx index of European bank shares .SX7P is down more than 18% and the U.S. KBW regional bank index .KRX has lost 21%, with investors on edge about what's next. In Europe, bank bonds are under pressure and credit default swaps, or the cost of insurance against defaults, uneasily high. First Citizens said it would take on assets of $110 billion, deposits of $56 billion and loans of $72 billion, and expand in California. It will share further potential losses with the FDIC and the FDIC retains some $90 billion in securities held for disposal.
☆ ANZ's CEO says banking turmoil has potential to trigger financial crisis
  + stars: | 2023-03-26 | by ( ) www.reuters.com   time to read: +2 min
SYDNEY, March 27 (Reuters) - Australia and New Zealand Banking Group's (ANZ.AX) CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008. "It's a crisis for some obviously, but is it a financial crisis, who knows? Yes, it does have the potential to be one," CEO Shayne Elliott said in an interview on the bank's website. But he said it was premature to assume the current condition could result in "another GFC", referring to the global financial crisis around 15 years ago that plunged the world's major advanced economies into their worst recession since the Great Depression in the 1930s. I don't think you can sit here and say, 'Well, that's all done, Silicon Valley Bank and Credit Suisse and, you know, life will go back to normal'.
☆ Australian borrowers in good shape to weather higher interest rates, ANZ's Shayne Elliott says
  + stars: | 2022-10-28 | by ( Su-Lin Tan | ) www.cnbc.com   time to read: +1 min
Many Australian borrowers are ahead on their mortgage repayments, and this should cushion them from a hard landing as interest rates rise, according to Shayne Elliott, chief executive officer at major Australian bank, ANZ. The housing sector in Australia is set to bear the brunt of higher interest rates as the central bank fights inflation. That would lower cash-flow pressures on borrowers as rates rise. "As interest rates fell over the last 10 to 20 years, what people did is they used their savings to get ahead on their repayments," Elliot said. "As interest rates rise for many of those customers nothing changes.
☆ Retail customers are going into an uncertain period in 'very robust shape,' says ANZ
  + stars: | 2022-10-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail customers are going into an uncertain period in 'very robust shape,' says ANZShayne Elliott of the bank discusses how its customers are faring in the face of high interest rates and inflation.
☆ ANZ's annual cash profit rises 5% on home loan boost, higher interest rates
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +1 min
Oct 27 (Reuters) - Australia and New Zealand Banking Group Ltd (ANZ.AX) on Thursday reported a 5% rise in full-year cash profit as its home loans business improved and higher interest rates boosted margins in the second half. The country's fourth-largest bank has been overhauling its home loan processing capabilities after failing to cash in on a COVID-driven housing boom because of delays in processing applications. Group net interest margin, a key measure of profitability, grew 10 basis points from the first half to 1.68% in the second half of the year. Runaway inflation has pushed the Australian central bank to pursue its most aggressive tightening cycle in decades, boosting margins for banks that had grappled with record-low interest rates for the past two years. ANZ's cash profit from continuing operations was A$6.52 billion ($4.23 billion) for the financial year, beating a Visible Alpha consensus estimate of A$6.31 billion.
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