ANZ's Record Fine: Will Australian Banks Truly Change?

ANZ Bank just got slapped with Australia's largest-ever financial misconduct penalty—a whopping $159.5 million USD! Why? Unconscionable behavior during a government bond deal and, shockingly, charging fees to dead customers. Consumer groups are saying it's a start, but is it enough to fix the broken trust? And will this record fine force other Aussie banks to clean up their act? Hosted on Acast. See acast.com/privacy for more information.