Net loans at its international and institutional banking businesses fell by 1 percent in the six months ended Sept. 30, ANZ said in a statement Thursday. That was the first drop since such disclosures began in 2012, filings show. The unit is stepping away from “lower return financial institutions” trade finance and focusing on cash management, outgoing Chief Executive Officer Mike Smith said in the statement…
ANZ Cutting Back on Trade Finance in Asia as Profit Growth Slows
