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An update from ANZ Group Holdings ( (AU:ANZ) ) is now available.
ANZ Group Holdings has had its previously agreed settlement with the Australian Securities and Investments Commission finalised by the Federal Court, resulting in total civil penalties of $250 million relating to five regulatory matters in its Australian Markets and Australia Retail businesses. The Court increased one component of the penalty, concerning inaccurate monthly secondary bond turnover data supplied to the Australian Office of Financial Management, from $40 million to $50 million, while confirming the agreed penalties for the remaining issues; ANZ said the financial impact is largely covered by existing provisions and highlighted ongoing remediation efforts, including a Root Cause Remediation Plan and a dedicated ASIC Matters Resolution Program in its retail division, both subject to independent review, underscoring its push to strengthen non-financial risk management and regulatory compliance.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
More about ANZ Group Holdings
ANZ Group Holdings Limited is a major Australian banking and financial services group headquartered in Melbourne, providing retail, commercial and institutional banking services with a significant presence in Australian markets and the retail banking sector.
Average Trading Volume: 5,307,224
Technical Sentiment Signal: Buy
Current Market Cap: A$107.7B
See more insights into ANZ stock on TipRanks’ Stock Analysis page.