ANZ Group expects 3,500 employees to leave the bank by September 2026, the lender said in a statement Tuesday. The job cuts are part of a revamp by Chief Executive Officer Nuno Matos, who was forced to apologize last month after the botched communication of a redundancy plan. Photographer: Brendon Thorne/Bloomberg Rupert Murdoch’s family has settled litigation over a trust that holds controlling interests in its two major media holdings: Fox Corp. and News Corp. — putting Lachlan Murdoch in charge of the family empire. Under the settlement, three of Murdoch’s children will cease to be beneficiaries of the trust, according to a statement. More job cuts: Atlassian has axed 200 jobs in Europe in support functions after making 150 staff redundant in similar roles in July. The company terminated customer service positions across the Netherlands, France and India, The Australian newspaper reported, citing the company. The New Zealand Superannuation Fund, one of the world’s best-performing sovereign wealth funds, is looking for opportunities to invest in domestic infrastructure such as roads. Jo Townsend, chief executive of fund manager Guardians of New Zealand Superannuation, said that large scale infrastructure opportunities are of particular interest. Macquarie Capital is considering a debut significant risk transfer, following rivals in looking at a booming market for distributing credit risk with investors. The unit of Australian lender Macquarie Group is working with consulting firm Alvarez & Marsal Inc. on the potential transaction, Bloomberg reported. |