ANZ penalty upped to record $250m by Federal Court
The major bank has been ordered to pay $250 million in penalties after widespread misconduct caused systemic risk failures across its business. The Federal Court has ordered Australia and New Zealand Banking Group Limited (ANZ) pay $250 million in penalties for widespread misconduct and systemic risk failures affecting the Australian Government, taxpayers and at least 65,000 retail customers. These represent the largest combined penalties ASIC...
Read moreDetails
