Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
ANZ CEO urges banks to halt rural branch closures and fix misconduct, amid industry-wide reform efforts.
ANZ CEO Nuno Matos has urged major banks to jointly develop regional branches, banking hubs, and remote ATMs to combat declining financial access in rural Australia, following a decade of closures.
Speaking at a parliamentary inquiry, he apologized for ANZ’s misconduct, including a $240 million penalty over errors in a government bond sale involving false data, unaddressed hardship requests, misleading interest rates, and fees charged to deceased customers.
While ANZ denies market manipulation and says the government lost no money, Matos cited a “good news culture” and lack of self-awareness as root causes, calling for urgent cultural reform, accountability, and faster decision-making.
The bank announced an 8% workforce reduction in 2025.
The industry has agreed to halt further regional branch closures until at least mid-2027.
NAB’s CEO Andrew Irvine is set to testify, following appearances by leaders from Commonwealth and Westpac.
El CEO de ANZ insta a los bancos a detener el cierre de sucursales rurales y corregir la mala conducta, en medio de esfuerzos de reforma en toda la industria.