Opinion
The ANZ scandal is a bombshell in two acts
The issues engulfing the bank’s trading team are not about complicated bond trades. It’s about an alleged double act of deceit and manipulation of the taxpayer.
Jonathan ShapiroSenior reporterIn September, representatives of ANZ were summoned to Canberra to meet senior staffers of the government’s debt agency.
More than six months had passed since the bank had acted as a risk manager on a $14 billion government bond sale and the agency – the Australian Office of Financial Management – still appeared troubled by the events of that day.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles