3 result(s) for “Financial Services”
National Australia Bank confirmed plans to cut up to 2,500 internal roles, triggering staff backlash and union warnings that the move signals a structural shift in Australia’s banking employment as technology and cost pressures mount.
Challenger Limited said on 19 October 2026 it has received a non binding, conditional indicative proposal from TAL Daiichi Life Australia to buy the 79.5 percent it does not already own at A$11.80 per share. The approach values the retirement and annuities specialist at roughly A$7.9 billion and lifts takeover activity across the ASX.
A Federal Court judgment published on October 5, 2026 sharply criticised the culture inside ANZ’s global markets division while upholding parts of the bank’s case against former trader Etienne Alexiou, and ordered ANZ to calculate compensation for withheld deferred equity. The ruling deepens reputational and regulatory pressure on one of Australia’s biggest banks ahead of an investor strategy update.