the Cambodian-based Royal Group company. In 2006, ANZ announced a new world headquarters in the Melbourne Docklands and invested in the Bank of Tianjin, China. In 2007, ANZ acquired E*Trade Australia and Citizen Securities Bank in Guam. Also in 2007, Mike Smith, formerly of HSBC, became CEO after the retirement of John McFarlane in October and the company took over the naming rights sponsorship for Sydney's Stadium Australia. In August 2009, ANZ purchased the Royal Bank of Scotland's (RBS) operations in six Asian countries for $550 million. In September the company announced it would buy out ING Group's 51% stake of the joint venture, giving ANZ 100% control of ING Australia. In November, ANZ opened their new headquarters in Melbourne. In 2010, ANZ acquired the RBS' interests in Hong Kong, Taiwan, Singapore and Indonesia. That year ANZ also expanded its stake in the Bank of Tianjin. In November, ING Australia was renamed OnePath. In 2012, ANZ announced the retirement of the National Bank brand in New Zealand. In 2013, ANZ became the first bank to reopen in the Christchurch CBD following the 2011 earthquakes. In 2016, Shayne Elliott became CEO. In April ANZ partnered with Apple to bring Apple Pay to its customers. In 2017, ANZ acquired REALas property price predictor start-up. In 2018, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry heard that ANZ had failed to accurately verify the living expenses of home loan customers referred to the bank by mortgage brokers, believing that this was the responsibility of the brokers, in spite of a conflict of interest in doing so; and that, due to processing issues, it had charged nearly 500,000 home loan customers the incorrect interest rate for more than ten years, leading the bank to overcharge customers by approximately $90 million. Bloomberg Intelligence estimated in May 2020 that ANZ's surplus capital was A$3.4 billion (US$2.4 billion), with ANZ CEO Shayne Elliott telling Bloomberg that the bank was "sitting on" the excess while it considered market trends. In February 2020, the Federal Court of Australia fined ANZ AUD10 million for charging customers fees between 2003 and 2015 that it was not entitled to, equating to profits of around AUD3.1 million. The regulator said around 69,000 customers had been affected. For the year ending September 2020, ANZ posted a yearly profit of A$3.58 billion (US$2.53 billion), a decline of 40% from the