Category: ANZs
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Australian top court dismisses ANZ’s appeal against share placement case By Reuters
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(Reuters) – The Federal Court has dismissed an appeal by ANZ Group against a lawsuit that found the lender guilty of failing to disclose a A$2.5 billion (US$1.73 billion) share offering, Australia’s corporate regulator said on Wednesday. While dismissing the appeal, the court upheld the original decision in a case…
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Australian regulator hikes ANZ’s capital requirements after bond trading misconduct By Reuters
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Australia’s prudential regulator said on Friday it had increased ANZ Group’s additional capital requirement to A$750 million ($502.73 million), stepping up its regulatory oversight after the bank recently admitted to providing incorrect bond trading data. The move by the Australian Prudential Regulation Authority (APRA), which represents an A$250 million increase…
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ANZ’s initial view of bond trading allegations has no evidence of manipulation By Reuters
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(Reuters) – ANZ, Australia’s fourth-biggest bank, said its initial assessment of a distressed bond sale sparked a regulatory investigation that concluded it did not engage in market manipulation, although the bank admitted to unacceptable errors in data reporting. Earlier this month, the company’s chief executive said ANZ planned to “get…