ANZ reports $528m hit to earnings as customer payout costs rise

ANZ reports $528m hit to earnings as customer payout costs rise

Big four bank ANZ has announced a $528 million hit to cash profits ahead of its second-half results this week, booking a growing remediation bill, accelerated software costs and write-downs. ANZ had conducted a product review across the group and …
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Oil advances, but outlook gloomy as coronavirus cases, supply grow

TOKYO (Reuters) – Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains muted as surging COVID-19 cases around the world hurt the outlook for crude demand while supply is rising. FILE PHOTO: The sun is seen behind a crude …
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St. James's Place inflows fall, funds rise

St. James’s Place PLC said Tuesday that net inflows fell 32% in the third quarter of the year, while funds under management increased amid a challenging external environment, and noted that improved levels of activity towards the end of the quarter have …
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China's NEV sales to account for 20% of new car sales by 2025, 50% by 2035

SHANGHAI (Reuters) – Sales of new energy vehicles (NEV) in China, the world’s biggest auto market, will jump to 20% of overall new car sales by 2025 from just 5% now, and to 50% by 2035, the China Society of Automotive Engineers (China-SAE) said on …
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Top Goldman Lawyers Accused of Covering Up Sexual Harassment (1)

2020 Bloomberg L.P. All rights reserved. Used with permission. To read more articles log in. Chris Dolmetsch. Bloomberg News. Max Abelson.
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