:Australia's securities regulator said on Thursday it was suing Australia and New Zealand Banking Group for failing to provide over half a million customers with promised benefits, which led to the payment of AUS$200 million in remediation.
Scrutiny of Australian lenders and financial institutions has ramped up significantly since a Royal Commission inquiry in 2018 found widespread shortcomings in the sector, forcing companies and regulators to take swift action.
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Australian regulator sues ANZ for failing to provide benefitsAustralia's corporate regulator said on Thursday it was suing Australia and New Zealand Banking Group for failing to provide over half a million customers with promised benefits, including fee waivers and interest rate discounts.The Australian Securities & Investments Commission and ANZ will submit that a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Australian regulator sues ANZ for failing to provide benefitsAustralia's corporate regulator said on Thursday it was suing Australia and New Zealand Banking Group for failing to provide over half a million customers with promised benefits, including fee waivers and interest rate discounts.The Australian Securities & Investments Commission and ANZ will submit that a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »