ANZ Bank Profit Falls on Misconduct Charges

The transcript discusses ANZ's efforts to navigate challenges from negative headlines and a slowing housing market. ANZ is focusing on derisking by shifting its lending strategy towards owner occupiers and simplifying its operations by selling off assets. Despite a drop in cash profits, the bank is restructuring internally and externally to adapt to market conditions. The future outlook depends on the Australian economy and housing market trends, with potential for stability if economic conditions remain strong.

In what ways are investors hoping for improvement in the bank's situation?

What does the text suggest about the future of smaller businesses in relation to the bank?