ANZ accused of breaking the law by allegedly manipulating a bond trade | The Business | ABC News

ASIC is investigating whether ANZ broke the law when it sold 10-year government bonds in 2023 - forcing down the price of bond futures contracts and increasing the government's cost of borrowing.
The allegations have been labelled as 'disturbing' by a spokesman for the Treasurer.
Following that sale, ANZ was left out of multiple multi-billion dollar debt sales by the government.
Brian Johnson, one of Australia's most respected banking analysts says the allegations of bond manipulation by the bank add up to a crisis for CEO Shayne Elliott and will have profound implications for the bank.

#ABCBusiness #ASIC #investigation

Subscribe: http://ab.co/1svxLVE

ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook:   / abcnews.au  
Follow ABC News on Instagram:   / abcnews_au  
Follow ABC News on X (Twitter):   / abcnews  

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia