ANZ Group Holdings Limited (ANZ.AX) is under investigation by the Australian Securities and Investments Commission (ASIC) for allegedly miscalculating interest on thousands of customer savings accounts, according to several media reports.
As per the reports, ANZ's retail banking division has enlisted McKinsey & Co to enhance its processes amid an investigation by the Australian Securities and Investments Commission (ASIC) into account payments. ASIC is also scrutinizing the bank's provisions for customers facing financial hardship.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.