#anz

#anz

"Australia's ANZ, one of the country's \"big four\" banks, has agreed to pay a record fine of $240 million Australian dollars ($159.5 million) over \"widespread misconduct\", the financial regulator said Monday. The fine is the largest ever announced by the regulator against a single entity, the Australian Securities and Investments Commission (ASIC) said. ANZ was fined for \"acting unconscionably\" while managing a $14-billion bond deal with the Australian government."

One of Australia's largest banks has made it clear to employees that not coming into the office will have consequences. In an internal memo on Thursday, ANZ Group said employees' salaries will be cut if they are not in the office for at least half the working week. Bloomberg first reported the memo. A spokesperson for ANZ confirmed the contents of the memo to Business Insider.