(Reuters) -Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion ($721.28 million) after tax in the second half of fiscal 2025 due to charges related to restructuring, staff cuts and a major regulatory settlement.

The lender is in the process of streamlining its business and bolstering risk management following a period of elevated regulatory scrutiny.

The bank said the charges will cut its common equity tier 1 capital ratio by 19 basis points.

ANZ expects to incur A$414 million in after-tax charges on redundancies and recognise A$264 million post-tax cost tied to settlements with the Australian Securities and Investments Commission to resolve several matters involving its markets and retail businesses.

The group will book a further A$78 million after-ta

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