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ANZ Faces Backlash Over Executive Pay Amid Misconduct

12/18/2025

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Summary

Story summary

Australia and New Zealand Banking Group (ANZ) faced a second strike at its annual general meeting over executive pay amid regulatory breaches.
The bank faced a record $240 million penalty for misconduct affecting thousands of customers.
More than 32% of votes opposed the remuneration report.
ANZ's chair defended the board's actions.
The Finance Sector Union criticized staff treatment amid job cuts.

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Story summary

Australia and New Zealand Banking Group (ANZ) faced a second strike at its annual general meeting over executive pay amid regulatory breaches.
The bank faced a record $240 million penalty for misconduct affecting thousands of customers.
More than 32% of votes opposed the remuneration report.
ANZ's chair defended the board's actions.
The Finance Sector Union criticized staff treatment amid job cuts.