No Cost to Taxpayers From Bond Scandal: ANZ Head

Pedestrians walk past an Australia and New Zealand Banking Group Ltd. (ANZ) branch in Sydney, Australia on Feb. 26, 2024. Lisa Maree Williams/Getty Images

Taxpayers have not been slugged following misconduct by ANZ employees, the bank’s head said.

ANZ chief executive Shayne Elliott has told a parliamentary inquiry into the big four banks there would be consequences across the company for misconduct, including possible pay cuts.