Australian bank ANZ admits misconduct in bond trading, gets AUD240mn penalties
Read full post at forexlive.com
Australia’s ANZ Group is one of the country’s /big four’ banks:
- admitted to “unconscionable conduct” in its bond trading services
- has agreed to pay AUD240 million in penalties
- settlement between ANZ and the Australian Securities and Investments Commission
Violations centre on ANZ:
- manipulating markets in a government bond issuance
- misreporting of bond trading data
This article was written by Eamonn Sheridan at investinglive.com.
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