logo
A Trio of ANZ Credit Traders Depart to Join Standard Chartered

A Trio of ANZ Credit Traders Depart to Join Standard Chartered

Bloomberg28-01-2025

Some senior ANZ Group Holdings Ltd. credit traders are departing the Australian lender to move to Standard Chartered Plc., according to people familiar with the matter.
Ming Wo, Duncan Robinson and Adam Hall, all based in Singapore, have left, the people said, declining to be identified discussing confidential information.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australia's Qantas to close low-cost arm Jetstar Asia
Australia's Qantas to close low-cost arm Jetstar Asia

Yahoo

time2 hours ago

  • Yahoo

Australia's Qantas to close low-cost arm Jetstar Asia

(Reuters) -Australian flag carrier Qantas said on Wednesday it will close Jetstar Asia, the group's Singapore-based low-cost unit, in a bid to recycle up to A$500 million ($326.40 million)as part of its fleet renewal plans. Qantas said that 13 Jetstar Asia Airbus A320 aircraft will be progressively redeployed to Australia and New Zealand. Jetstar Asia continues to be negatively affected by rising supplier costs, high fees at airports and rising competition in the region. "This has fundamentally challenged the low-cost airline's ability to deliver returns comparable to the stronger performing core markets in the group," Qantas said. Jetstar Asia is currently expected to post an underlying EBIT loss of A$35 million in the current financial year. The airline will cease operating on July 31 and will continue flights for the next seven weeks. ($1 = 1.5319 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

NAB worker blocks grandmother's $50,000 transfer after noticing tiny detail
NAB worker blocks grandmother's $50,000 transfer after noticing tiny detail

Yahoo

time4 hours ago

  • Yahoo

NAB worker blocks grandmother's $50,000 transfer after noticing tiny detail

An 84-year-old Australian grandmother has been saved from financial heartbreak after a NAB worker noticed a tiny detail. The woman from the NSW Hunter Valley went into a branch to make a request that "instantly" set off red flags. She wanted her daily withdrawal limit to be increased from $5,000 to $50,000, a 1,000 per cent increase. The woman made the request so that she could authorise a particularly pricey cash transfer. That alone was enough to raise NAB customer adviser Tiffany Bailey's eyebrows. $60 billion reason why you could get locked out of your account Major RBA interest rate call set to give homeowners $250 per month win $400 cash boost available for thousands of Aussies in new energy rebate But another tiny detail sparked much bigger alarm bells for the banker. Bailey noticed the grandmother was holding her phone in her hand while she was making the withdrawal limit request. When she showed her phone to the bank staff, it was revealed she was on a call with someone the whole time. They searched the phone number on the internet, and their investigation revealed it was likely a person had convinced the grandmother she owed them $50,000 and had been pressuring her for days to send them the money. They had even started threatening the woman with dire consequences if she didn't go into a NAB branch and change her details so that she could transfer the cash. She had absolutely no idea she was being scammed. The scammer had coached her on what to say when she went in, which she had written down in a notebook. When the bank staff asked her what was inside the book, she broke down in tears and confessed what was really going on. "They are the biggest low lives on the planet," NAB relief branch manager Vanessa Kruger told 9News. "They prey on people who are vulnerable, try to trick them, it actually makes my blood boil." NAB was able to secure the woman's account and she returned the following week very happy she hadn't become another scam statistic. The grandmother nearly became a victim of what's called a remote access scam. This is when a scammer will call or reach out to an unsuspecting person claiming to be from a trusted organisation like a government entity, a telecommunications provider, or a bank. They will claim that something is wrong with your device or account and you need to download certain programs or software, or grant them access to fix the problem. They might even ask for your personal details, and bank or credit card information. They can be very convincing and already have some of your personal information to sound more legitimate. Once they have access to your device or account, it can open up a can of worms that can lead to your money and your details being compromised. If you receive calls, text messages, or emails from out of the blue or from numbers or names you don't recognise, Scamwatch encourages people to avoid them at all costs. Aussies lost a staggering $15.5 million to remote access scams in 2023. In the first quarter of 2024, there was a 57 per cent increase in average losses compared to the year prior, with victims losing roughly $17,943 in retrieving data Sign in to access your portfolio Error in retrieving data

Brett Blundy's BBRC Blasts Victoria's Secret Ahead of Earnings Report
Brett Blundy's BBRC Blasts Victoria's Secret Ahead of Earnings Report

Yahoo

time4 hours ago

  • Yahoo

Brett Blundy's BBRC Blasts Victoria's Secret Ahead of Earnings Report

Brett Blundy is making his case for change at Victoria's Secret & Co. in full view of other investors. The Australian entrepreneur's BBRC International has a 12.9 percent stake in the lingerie giant, but apparently isn't getting the kind of engagement he wants since the company adopted a poison pill to prevent a takeover of the business with no control premium. More from WWD Victoria's Secret Reveals Preliminary Q1 Results, but Delays Full Report Following 'Security Incident' Victoria's Secret Goes Dark and Stays Dark in Security Incident Together Group Acquires 'Experiential' Agency Obo BBRC has taken the unusual step of issuing an open letter to the Victoria's Secret's board, hoping for answers during the firm's first-quarter earnings conference call on Wednesday 'given the lack of productive two-way dialogue that we would expect with a top stockholder.' BBRC took clear aim at the board, noting that Victoria's Secret stock is down 64.1 percent since the firm became independent in 2021, underperforming the S&P Composite 1500 Specialty Retail Index by 93.4 percentage points. 'What specific metrics convince the board that it possesses the competence to turn around what appears to be systematic value destruction — and why shouldn't stockholders demand an immediate reconstitution of the board?' BBRC said. The letter also criticized $625 million in Victoria's Secret's share buybacks as 'poorly timed' and said the $591 million acquisition of Adore Me has 'failed to generate meaningful returns.' 'These weren't market timing errors or mistakes due to poor execution but systematic failures of fiduciary duty and due diligence,' BBRC said. The letter also zeroed in on board chair Donna James, who has been a director at Victoria's Secret and, before that, parent company L Brands, for more than 20 years. 'Rather than waiting for stockholders to force change through a proxy contest, shouldn't the board proactively address the governance red flags that Ms. James's tenure represents by committing to removing her as chair immediately and refreshing the board?' BBRC said. Shares of the company slipped 2.3 percent to $22.20 on Tuesday. A Victoria's Secret spokesperson said, 'We appreciate the input of all shareholders and look forward to continuing our engagement with BBRC, which has been extensive over the past three years, to fully understand their perspective and views.' Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store