A growing scandal within ANZ’s trading team has been escalated to the bank’s board, which is “acutely focused” on the issue, staff in its markets division have been told.
“They met again yesterday to review progress. Senior management is meeting daily and will continue to provide the board with regular updates,” ANZ institutional bank chief Mark Whelan and chief risk officer Kevin Corbally wrote in an email on Wednesday afternoon. “I can assure you we are treating this with the utmost seriousness.”
