ANZ has engaged two major law firms as it investigates workplace misconduct and inappropriate trading in its markets division even as the corporate regulator looks into whether the bank manipulated the price of government bonds.
Shayne Elliott, the bank’s chief executive, admitted to staff on Thursday that the alleged wrongdoing raised by The Australian Financial Review that morning was “not new” and that ANZ had been working “on these matters for several months”.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Aaron Patrick is the senior correspondent. He writes about politics and business from the Sydney newsroom. Email Aaron at apatrick@afr.com
