Big bank cuts jobs as loan sales dwindle

ANZ Bank has cut approximately 200 jobs due to low lending growth and the need to boost productivity. An ANZ spokesperson said: “All affected staff will have support services such as career retraining and will be able to apply for other roles within ANZ.” The bank has an external hiring freeze in place.

ANZ reported a profit plunge of 24 per cent for the six months to 31 March 2016.

Source: Mortgage Business