ANZ Settlement and the Rationale for Cuts

Chanticleer columnist James Thomson and banking reporter Angira Bharadwaj on ANZ’s overhaul, why banks are cutting jobs and whether management has lost control of the message.

This podcast is sponsored by Acenda

Further reading:
ANZ’s pragmatic deal for ‘betraying’ Australia deserves no applause
ANZ has stitched up a pragmatic settlement with ASIC to give Nuno Matos room to launch his reset. But it shouldn’t distract from what has been shabby governance.
‘It’s long overdue’: The cull wiping out thousands of bank jobs
After a spike in staff numbers since the royal commission, three of the big four banks are wielding the axe, with more than 5000 people exiting the industry.
It’s the age of turbulence as Nuno Matos turns ANZ upside-down
Known among some staff as El Nuno, the Lisbon-born chief executive is attracting fear, intrigue and admiration as he cuts staff and overhauls the bank.

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