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It's 100 days until Christmas and one person who might be looking forward to the Christmas break is new ANZ CEO, Nuno Matos.
Pick & Scroll News
September 16, 2025
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Good morning. It's 100 days until Christmas and one person who might be looking forward to the Christmas break is new ANZ CEO, Nuno Matos.
We can now reveal Matos’ to-do list from last week:
Announce 3,500 job cuts;
Negotiate record $240M penalty from ASIC for misconduct, including charging dead customers and misreporting bond sales;
Book time off.
We wonder if he was told, “It’ll be great exposure for you.”
All the headlines and more below...
AUSTRALIAN NEWS
Shocking job loss predictions for young Aussie professionals
Youth unemployment has risen alongside professional job losses in Australia as AI technology reshapes the private sector. LINK
The Australian dollar has surged 12% since April to become the top-performing G10 currency. LINK
The deeming rates for Centrelink payments will rise for the first time since 2020, affecting 771,000 welfare recipients. LINK
The ATO charged $9.4B in interest on overdue tax bills whilst rejecting more waiver requests. LINK
Australia's first National Climate Risk Assessment has identified 56 major climate threats requiring stronger adaptation strategies. LINK
Australia and Papua New Guinea are finalising a significant defence treaty to strengthen Pacific security ties. LINK
A support group has been created for sufferers of "AI psychosis" as some users develop delusions about chatbot sentience. LINK
A $200,000 parental loan could reduce young couples' borrowing power by 40% when seeking home loans. LINK
Luxury apartment values in Melbourne and Sydney are rising due to strong downsizer demand. LINK
The ATO urges taxpayers to lodge returns by October 31 to avoid penalties whilst $12.7B in refunds has already been distributed this year. LINK
Wealthy millennials are increasingly choosing private investments whilst alternative asset values are projected to reach US$43.9B by 2029. LINK
COMPANY NEWS
ANZ the big four outlier for poor customer treatment
ANZ has agreed to pay a record $240M penalty to ASIC for widespread misconduct including charging deceased customers and misreporting bond sales. LINK
The Finance Sector Union has taken ANZ Bank to the Fair Work Commission over its plan to cut 3,500 jobs. LINK
BHP has emphasised growth from its global copper assets while downplaying interest in major acquisitions. LINK
AMP has settled a superannuation class action for $120M over excessive fees and poor returns claims. LINK
CBA has ranked as Australia's most trusted bank while surging to 7th place in Roy Morgan's brand rankings. LINK
Apple's underwhelming artificial intelligence tools for the iPhone 17 have raised concerns about lagging behind competitors. LINK
Jurlique has become Australia's fastest-growing premium skincare brand with 9% growth and 8% Q2 sales rise under CEO Loic Rethore. LINK
Some rideshare drivers are bypassing Uber's time restrictions due to financial pressures despite safety concerns. LINK
ONE MORE SCROLL
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Odd Pick: Albania appoints AI bot as minister to tackle corruption.
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