Australia's ANZ bank hit with record fine over 'widespread misconduct'

Australia's ANZ bank hit with record fine over 'widespread misconduct'

Australia's ANZ, one of the country's "big four" banks, has agreed to pay a record fine of Aus$240 million ($159.5 million) over "widespread misconduct", the financial regulator said Monday.

Australia’s ANZ bank hit with record $205 million fine over ‘widespread misconduct’

Central to the violations was ANZ’s conduct during a A$14 billion government bond issuance in 2023. Read more at straitstimes.com.

Big four bank hit with record $240m fine over 'years' of misconduct

ANZ has agreed to a record $240 million fine sought by Australia's financial services watchdog over years of "unconscionable conduct".ASIC and ANZ will ask the federal court to impose the penalties in relation to four separate proceedings.These include acting "unconscionably" in dealing with the Australian government while managing a $14 billion bond deal, and incorrectly reporting its bond trading data to the government by overstating the vol…

ANZ Admits to 'Unconscionable Conduct'

Good morning and welcome back, it’s Ainsley here with all the news you need to start your working week. Today’s must-reads:• ANZ to pay A$240 million fine• Australia to invest A$12 billion in defense hub• Russia targets Australian-linked billionaire’s empire

'Unacceptable disregard': huge fine for bank misconduct

A Big Four bank has been slugged with one of the largest penalties ever for widespread misconduct ranging from overstating trade to charging dead customers.

Australia's ANZ Bank Hit With Record Fine Over 'Widespread Misconduct'

Australia's ANZ, one of the country's "big four" banks, has agreed to pay a record fine of Aus$240 million ($159.5 million) over "widespread misconduct", the financial regulator said Monday.