ANZ will face a record $240 million penalty for ripping off both its own customers and the government. ASIC alleges unconscionable conduct involving a government bond sale that may have cost taxpayers $26 million — plus “widespread misconduct” affecting ~65,000 retail customers.
This is a watershed moment for banking oversight in Australia. What accountability looks like in practice is finally being tested. But penalties are only one part of the equation, we need to see real, lasting culture change.

#banking #regulation #ANZ #ASIC

https://www.abc.net.au/news/2025-09-15/anz-record-penalty-asic-federal-court/105773084

ANZ faces record $240m penalty for ripping off customers and government

ANZ bank faces a record $240 million penalty for engaging in “unconscionable conduct” in some of its bond…
#NewsBeep #News #Headlines #anz #asic #AU #Australia #AustralianSecuritiesandInvestmentsCommission #federalcourt #hardship #penalty #savingsrates #unconscionableconduct
https://www.newsbeep.com/123641/

Any Australians who bank with one of the big 4, and especially #ANZ, surely this news story is enough to make you move to a customer owned ethical bank or credit union.

They rip off the Australian people via the government, and their own customers when they are at the most desperate times of their lives.

Disguising.

https://www.abc.net.au/news/2025-09-15/anz-record-penalty-asic-federal-court/105773084?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=other

158 more Aussie jobs axed as Bendigo Bank joins NAB, ANZ and CBA in ‘destructive’ mass redundancies: ‘Scrapheap’

Banks are cutting jobs left, right and centre across Australia and the FSU has slammed them for leaving…
#NewsBeep #News #Headlines #anz #AU #Australia #BankofQueensland #bankworkers #BendigoBank #CommonwealthBank #FinanceSectorUnion #FSU #NAB #technologyworkers
https://www.newsbeep.com/116272/

AI job purge begins?
ANZ to axe 3,500 jobs (plus 1,000 contractors) by Sept 2026 amid AI rollout and “wartime” cost-cutting. Brutal bank shake-up costs $560 million.

#anz #jobcuts #austerity #ai #automation #banks #joblosses #massimmigration #recession

https://www.abc.net.au/news/2025-09-09/anz-to-cut-jobs-3500-to-go-by-sept-2026/105751484

ANZ Bank reveals plans to cut about 3,500 jobs by next September

Major bank ANZ has announced about 3,500 jobs will go by next September. It comes as the company reveals a broader…
#NewsBeep #News #Headlines #anz #ANZBank #ANZjobcuts #AU #Australia #bank #bankworkers #jobcuts
https://www.newsbeep.com/111424/