ANZ Group Holdings Ltd. bosses are battling to contain the fallout from a string of scandals as the Australian banking giant grapples with one of the toughest periods in recent years.
Chief Executive Officer Shayne Elliott and his key lieutenant Mark Whelan told staff Thursday that action will be taken if any evidence of wrongdoing is found after fresh allegations emerged of it inflating bond trading data. ANZ has hired external lawyers to help investigate the claims as well as to look into workplace culture in its markets unit, which falls under the Whelan-led institutional division.