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‘A scandal of epic proportions’: why heads could roll at ANZ
Manage episode 433020800 series 3493296
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This week on The Fin podcast, senior reporter Jonathan Shapiro on ANZ’s bond trading scandal, whether the bank lied about its market activity to get on the deal in the first place and who should be accountable.
This podcast is sponsored by Team Global Express
Further reading:
ANZ bond trading scandal ‘risks unknown’: Macquarie
Macquarie analysts have run the numbers on what ANZ’s bond scandal could do to its profits whilst conceding some costs are hard to measure.
ANZ says bond trading scandal fallout could extend to the very top
The ANZ board may be forced to take action against the bank’s chief executive Shayne Elliott and other senior managers over the misleading trading data submitted to the federal government and investigations into its workplace culture.
The ANZ scandal is a bombshell in two acts
The issues engulfing the bank’s trading team are not about complicated bond trades. It’s about an alleged double act of deceit and manipulation of the taxpayer.
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