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Aaron Patrick

ANZ’s board could be on the precipice of a bank-defining scandal

The corporate law-enforcement agency is, by all accounts, throwing big resources at its investigation into dubious Treasuries trading by the bank.

If you worked on the interest rate desk at ANZ at some point over the past decade, there’s a good chance you’ve been contacted by Australian Securities and Investments Commission investigators in the past few months.

The corporate law-enforcement agency is, by all accounts, throwing big resources at its investigation into dubious Treasuries trading by the bank. Anyone who might know is being asked if they saw ANZ manipulate trading in government debt.

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Aaron Patrick was a senior correspondent at The Australian Financial Review.

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    Original URL: https://www.afr.com/companies/financial-services/anz-s-board-could-be-on-the-precipice-of-a-bank-defining-scandal-20240710-p5jsfa