ANZ Fined: ANZ Faces $160M AND Fine Over Rule Breaches

Australia’s ANZ Bank has agreed to pay about AU$240 million (roughly US$160 million) after admitting to multiple serious rule breaches. Nearly 65,000 customers and the government were affected. The misconduct includes misleading the government in a bond deal, failing to refund fees charged to deceased customers, ignoring hardship notices, and giving wrong info about savings interest rates.