ANZ investors brace for short-term pain as new CEO Nuno Matos clears the decks
Yahoo Finance·2025-09-16 13:54
By Scott Murdoch and Christine Chen SYDNEY (Reuters) -ANZ Group investors are willing to back new CEO Nuno Matos' strategy to resuscitate the Australian bank's flagging fortunes, but they are gearing up for near-term hits, including a possible dividend cut. Over the last week, Australia's fourth-largest lender said it would cut 3,500 staff at a one-off cost of A373.24 million) and pay A$240 million of penalties to the corporate regulator over systemic failures including acting "unconsciona ...