Major Australian bank hit with record fine for widespread misconduct

NAMPA / Xinhua

2025-09-15

SYDNEY, Sept. 15 (Xinhua) -- One of Australia's "big four" banks has been hit with a record-breaking fine after admitting to engaging in widespread misconduct. The Australian Securities and Investments Commission (ASIC) on Monday announced that the Australia and New Zealand Banking Group (ANZ) has agreed to pay 240 million Australian dollars (159.5 million U.S. dollars) in penalties in relation to four separate investigations spanning the bank......

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