The Australia and New Zealand (ANZ) Banking Group has been subjected to a substantial penalty of A$240m ($160m) after acknowledging significant regulatory breaches within its government bond operations and retail banking services. This fine is part of a settlement with the Australian Securities and Investments Commission (ASIC) that addresses multiple investigations into the bank's conduct. The penalties include A$85m related to ANZ's function as duration manager during a 2023 issuance of ten-year Treasu ...