The Distillery: ANZ's Asian edge

Jotters laud ANZ’s Asian pursuit despite resistance from critics, and one sees good news continuing for the big four.

A record share price and a record profit had ANZ Bank firmly in the spotlight yesterday. The member of the big four has been roundly criticised for chasing growth in Asia in recent times, but yesterday’s startling result provided at least partial vindication for the move, according to the commentariat. But what does it mean for its largest local rivals?

Elsewhere, the ferocious fight for Warrnambool Cheese and Butter is turned on its head by the intervention of Kirin Holdings, according to one jotter, while a speech from Reserve Bank governor Glenn Stevens has scribes in a frenzy.

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