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ANZ chief Shayne Elliott says digital disruption is massive, but don’t expect the bank to jump on the latest fintech craze for the sake of it.

In mixed news for shareholders the bank has belatedly paid a reduced second half dividend while slashing the first half dividend by almost a quarter.

Chief executive Marnie Baker on Monday said the regional lender could continue expanding its share in the crucial home lending market.

CBA brings back Saturday trading Updated Save Share Commonwealth Bank retail bank boss Angus Sullivan says branches will remain a central part of the bank’s strategy as it prepares to open 88 branches from 10am to 2pm this Saturday. Mr Sullivan accepted that while the overall number of branches was likely to shrink the bank remained committed to investing in the network and would push ahead with plans to double the number of business bankers in branches by mid-year. “We have had a focus for a number of years now to grow the capacity of our branches,” Mr Sullivan said. “There is still...

CBA’s three hurdles to buybacks and bigger dividends Save Share Commonwealth Bank CEO Matt Comyn revealed the bank is facing three obstacles to share buybacks and even bigger dividends as it announced a $3.9 billion cash profit on Wednesday and around $10 billion in excess capital. CBA is poised to shower shareholders with as much as $2.7 billion in dividends in late March, after raising the first-half distribution by 53 per cent to $1.50 a share compared with the previous half. However, the payout ratio of 67 per cent is just below the bank’s target range of between 70 per cent and...