Business News

ANZ has been hit with a record $240 million fine. These lessons should have been learned years ago

Written by Jeannie Marie Paterson, Professor of Law (consumer protections and credit law), The University of Melbourne

ANZ Bank has agreed to pay a record fine of A$240 million after admitting to various forms of misconduct that occurred “over many years”.

Announced on Monday, the fine marks the culmination of a major investigation by Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), into multiple...

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