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ANZ, Australia's third-largest home lender, has found no evidence that suspected misconduct by the bank's employees over a 2023 bond issuance had cost the Australian taxpayer, its CEO told a parliamentary inquiry https://t.co/OrUbwiVZXa
ANZ, Australia's third-largest home lender, has found no evidence that suspected misconduct by the bank's employees over a 2023 bond issuance had cost the Australian taxpayer, its CEO told a parliamentary inquiry. More here: https://t.co/M2qI5UZ63G
ANZ CEO says no evidence alleged misconduct over bond issuance cost taxpayers https://t.co/c6LpwLFuVB https://t.co/NSpioQsdQ3
ANZ Group CEO Shayne Elliott is set to face extensive questioning from Australian lawmakers in Canberra regarding a series of scandals over the bank's bond trading business and its wider corporate culture. Despite allegations of misconduct related to the 2023 bond issuance, Elliott stated there is no evidence that such actions have cost Australian taxpayers. The inquiry has resulted in the departure of three individuals from ANZ. Elliott acknowledged the bank's ongoing efforts to improve non-financial risk management, noting that while progress has been made, more work is needed.
