Australia’s ANZ bank admits ‘unconscionable conduct’ in bond trading, agrees to $159.5 penalty
The regulatory violations centre on ANZ staff manipulating markets in a government bond issuance, as well as misreporting of bond trading data, the regulator said. File | Photo Credit: Reuters Australia and New Zealand Banking (ANZ) Group admitted to “unconscionable conduct” in its bond trading services and agreed to pay A$240 million ($159.5 million) in penalties…