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AAP
AAP
Business
Kat Wong and Derek Rose

A 'bank in crisis': ANZ cops record fine for misconduct

ANZ Joe Longo ASIC
ANZ has copped a $240 million fine and sharp criticism by the regulator for widespread misconduct. (Joel Carrett/AAP PHOTOS)

Grubby and unconscionable isn't a slogan a bank will ever use, but it's the verdict on ANZ's conduct from the financial regulator as it imposes record penalties.

The bank on Monday agreed to pay $240 million in fines for four separate acts of wrongdoing, six years after a royal commission found widespread misconduct in Australia's financial services industry.

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