ANZ CEO Tries To Clean Up Misconduct At The Bank

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Australia and New Zealand Banking Group announced Friday (October 12) that it fired more than 200 employees for engaging in misconduct, reported Reuters, citing ANZ Chief Executive Shayne Elliott.

According to a report in Reuters, Elliott, in his first public comments after a critical report on the bank from Parliament’s House Economics Committee, said the lender is taking steps to be tougher when it comes to punishing bad conduct within its ranks. “We should dismiss people when they are grossly negligent or when they do things that are clearly bad and cause customer harm,” Elliott told Parliament’s House Economics Committee, according to Reuters. “My commitment is to make sure that I do hold people to account.” Elliott said


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