ANZ Bank to Cut 1,000 Jobs, Freeze Exec Pay
The announced job cuts will be domestic and will be made by Sept. 30. They will primarily affect middle management, back office and support staff.
Former RBS Chief Stripped of Knighthood
Former Royal Bank of Scotland Group CEO Fred Goodwin is now also a former knight of the realm. Goodwin, on the advice of the Honors Forfeiture Committee in Britain, was stripped of his knighthood.