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AAP
AAP
Adrian Black

'Unconscionable': major bank's record fine bumped up

ANZ Elliot Joe Longo Mick Tsikas Nuno Matos Shayne Elliott ASIC
ANZ is taking a $250 million hit after being told it "must do better". (James Ross/AAP PHOTOS)

A court has slapped an extra $10 million on top of ANZ's record fine for widespread misconduct and systemic failures.

The historic punishment followed a probe by the corporate regulator, which found the big-four bank ignored hundreds of customer hardship notices, misrepresented and failed to pay savings rates and failed to refund fees charged to thousands of dead people's accounts.

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