Australian Bank ANZ’s Second-Half Profit to Take A$1.11B Hit
Update: 2025-10-31
Description
ANZ, Australia's largest bank, announces a significant financial hit in its upcoming earnings report, including a $728 million charge due to restructuring under new CEO Nuno Matos, job cuts, and other costs. The bank's capital ratio will drop, and investors will closely watch the market reaction and the new leadership's efforts to rebuild the bank's position in the changing industry.
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