Australian bank ANZ agrees to pay record $160M penalty for corporate misconduct

MELBOURNE, Australia (AP) — One of Australia’s largest banks said Monday it agreed to pay a record 240 million Australian dollars ($160 million) in penalties for corporate misconduct affecting almost 65,000 customers and the federal government. Melbourne-based ANZ, also known as Australia and New Zealand Banking Group, and the Australian Securities and Investments Commission said in statements they will ask a federal court to endorse the penalties for four separate prosecutions. The fines would set a new ...