Reported about 4 hours ago
ANZ Group has acknowledged 'unconscionable conduct' within its bond trading operations and has agreed to a A$240 million penalty to settle various investigations by the Australian Securities and Investments Commission. This settlement, which requires court approval, addresses allegations of market manipulation and misreporting in government bond issuance. ANZ's CEO stated the bank is taking corrective measures to enhance non-financial risk management and plans to implement a remediation plan by the end of September 2025.
Source: YAHOO