ANZ’s $559 million remediation charge a ‘worry for investors’

Sky News Business Editor Ticky Fullerton says “the really worrying thing” about ANZ’s $559 million remediation charge is what it does for investors and their dividend payments. On Tuesday ANZ announced its second half earnings would be impacted by the remediation figure after the bank stacked up customer compensation charges. “There is a bit of a ding-dong over the ditch between (Australia) and New Zealand, as to how much capital these banks are going to have to hold," she said. "This is a really important point because dividends come out of retained earnings." Image: Getty

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