Articles on ANZ

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Westpac is one of the banks where ASIC alleges traders rigged the bank bill swap rate. Mick Tsikas/AAP

Business Briefing: manipulating the BBSW

Business Briefing: the bank bill swap rate.
As more details are revealed in the bank bill swap rate rigging case we explain what the rate does, how it can be manipulated and what the government should be doing about it.
Banks must accept they can’t control the values, beliefs and behaviours of their employees. Image sourced from Shutterstock.com

‘Command and control’ banks have got ethics and culture all wrong

Banks may pay lip service to ethical cultures but often curtail the critical questioning that allows ethical issues to be surfaced in the first place.
ASIC Chairman Greg Medcraft and Commissioner Cathie Armour during a Senate Estimates hearing at Parliament House. Medcraft told the hearing ASIC must be a ‘model litigant’. Mick Tsikas/AAP

ASIC v ANZ rate-rigging case will be one of epic proportions

ASIC has a high success rate, but its high-profile civil action against ANZ Bank will be a tough battle to win.
Large Australian banks are being required to significantly increase their levels of equity capital. Image sourced from www.shutterstock.com

Explainer: banks are raising capital, but should we be worried?

Investors may not like it but Australian banks have been given little choice by the prudential regulator other than to undertake capital raisings.
The ANZ bank fee class action has opened the door to target other companies charging excessive fees. Shutterstock.com

Feeling ripped off? ANZ class action opens debate on gouging

A bank charges customers A$35 every time customers fail to make the monthly payment on their credit card by the due date. An airline charges $10 or more for printing boarding passes if passengers forget…

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