ANZ to raise $3 billion from shareholders to increase capital levels ANZ Banking Group is raising $3 billion from shareholders to boost its capital levels in response to rules requiring banks to be more resilient to financial shocks. As revealed by The Australian Financial Review’s Street Talk column, the bank on Thursday unveiled an institutional share placement to raise $2.5 billion and a $500 million share […]
Has unemployment peaked in Australia? No, says ANZ
Unemployment could remain around 6 per cent for some time, according to ANZ, with the economy’s growth rate not strong enough to bring it down . Unemployment came in at 6 per cent in June, up from May’s 5.9 per cent figure but down slightly from results in earlier months. Below-average output growth suggests that a […]
