Australia news live: ANZ bank fined $240m for ‘widespread misconduct’ in regulator Asic’s biggest ever penalty

Asic said the misconduct occurred over many years. Follow today’s news liveGet our breaking news email, free app or daily news podcastCoalition support slumps to all-time low in latest pollsInfighting and the sacking of a frontbencher have left the federal coalition with its worst-ever primary vote result in Newspoll history, with One Nation appearing to have scooped up disaffected voters, AAP reports.Acting unconscionably in its dealings with the Australian government while managing a $14bn bond deal, including incorrectly reporting its bond trading data and overstating the volumes by tens of billions of dollars for nearly two years.Failing to respond to hundreds of customer hardship notices, in some cases for more than two years.Making false and misleading statements about savings interest rates and failing to pay the promised rates to tens of thousands of customers.Failing to refund fees charged to thousands of dead customers and not responding to families dealing with deceased estates within required timelines. Continue reading...

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