Reported 18 days ago
ANZ Group has halted its A$800m share buyback to focus on a strategic overhaul aimed at achieving a 12% return on tangible equity by 2028. The bank plans to implement cost-saving measures, including 3,500 job reductions and restructuring efforts, while investing in mortgage and business banking staff. ANZ is also enhancing its services and aiming to boost market competitiveness with increased loan issuance and a focus on transaction banking.
Source: YAHOO