The Federal Court has ordered Australia and New Zealand Banking Group Limited (ANZ.AX) to pay A$250 million in penalties for widespread misconduct and systemic risk failures that impacted the Australian Government, taxpayers, and more than 65,000 retail bank customers. The Australian Securities and Investments Commission (ASIC) confirmed this is the largest combined penalty it has ever secured against a single entity.
Justice Jonathan Beach increased the penalty for ANZ's inaccurate reporting of secondary bond market turnover data by A$10 million, bringing the total penalty for that misconduct to A$50 million. The ruling stems from four separate court proceedings covering misconduct across ANZ's Institutional and Retail divisions, first announced in September 2025.
For comments and feedback contact: editorial@rttnews.com
Business News
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.