Australia’s ANZ fires staff amid multiple dealing room investigation

Australian bank ANZ (ANZ.AX), opens new tab said it has fired or suspended traders from its markets business over allegations of inappropriate behaviour and warned an investigation into the unit may have consequences on staff all the way up to the CEO.

The update on Thursday shows Australia’s fourth-largest lender getting on the front foot over a scandal that has simmered for weeks since media reports said the corporate regulator was investigating suspected misreporting of trades in government bonds by the bank’s staff.

Source: REUTER