22/12/2025
The Federal Court has ordered ANZ Australia to pay $250 million in penalties after the major bank engaged in unconscionable conduct, misreported bond trading data, mishandled customer hardship cases, provided misleading information on savings interest rates, and failed to properly manage deceased estates. Check it out on The Adviser:
The major bank has been ordered to pay $250 million in penalties – the largest combined ASIC penalty ever secured against a single company – after admitting widespread misconduct and systemic risk failures.