Australia’s ANZ Fired Senior Executives Due to Bad Banking Behavior: CEO

Australia’s ANZ Fired Senior Executives Due to Bad Banking Behavior: CEO
A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in Central Sydney, Australia, on Oct. 25, 2017. Steven Saphore/Reuters
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SYDNEYAustralia and New Zealand Banking Group fired over 200 staff for wrongdoing, including senior executives, due in part to issues raised at a public inquiry into financial sector misconduct, ANZ Chief Executive Shayne Elliott said on Oct. 12.

In his first public comments addressing criticism leveled at the bank in the inquiry’s interim report, Elliott said the country’s third-biggest lender would take a tougher approach to punishing bad conduct.