ANZ admits 'unacceptable failure' as bond probe continues

ANZ admits 'unacceptable failure' as bond probe continues
Shayne Elliott says those responsible for wrongdoing will be held accountable. (Image: Supplied)
AAP
By Poppy JohnstonSeveral employees have been suspended or terminated from ANZ as part of an investigation into alleged misconduct within its markets division.Chief executive officer Shayne Elliott said any evidence of wrongdoing would lead to those involved being "held accountable", with the board to consider if action should be taken against himself and other senior managers."With the assistance of external counsel, we are investigating these issues with the urgency expected and the group board continues to supervise this work c...

More Finance

No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025
ANZ half-year profit surges on non-cash gains
Finance

ANZ half-year profit surges on non-cash gains

Cash earnings were flat, and net interest margin rose slightly.

Pattrick Smellie 08 May 2025
BNZ preserves margins on flat half-year
Finance

BNZ preserves margins on flat half-year

BNZ outranks its Australian cousins for customer preference.

Pattrick Smellie 07 May 2025
Westpac's NZ net interest margin expands again
Finance

Westpac's NZ net interest margin expands again

Net interest margins rose in NZ, but shrank for the group as a whole.

Pattrick Smellie 05 May 2025