ANZ Banking Group is to cut 20 % of its research budget in an effort to best align with " market needs as well as the needs of its customers " ; however , some at the bank are concerned that the quantity and quality of research will have to be cut back significantly thereby leaving customers worse off , not better .
ANZ Banking Group is to cut 40% of its research department in an effort to best align with "market conditions as well as the needs of its customers"; however, insiders at the bank are concerned that the quantity and quality of research will have to be cut back significantly thereby leaving customers worse off, not better.