ANZ faces $16 million fine over account benefits’ disclosure By Reuters


© Reuters. FILE PHOTO: The logo of the ANZ Banking Group is displayed in the window of a branch in central Sydney, Australia, Aprl 30, 2016. REUTERS/David Gray/File Photo

(Reuters) – Australia and New Zealand Banking Group was fined A$25 million ($16 million) by the federal court for failing to provide agreed benefits to customers with offset transaction accounts, Australia’s market regulator said on Wednesday.

($1 = 1.5657 Australian dollars)

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