ANZ cops $240m fine for widespread misconduct

The Australian share market has begun the week lower, despite optimism ahead of the US Federal Reserve’s expected interest rate cut this week. For more, Stephanie Youssef spoke with Macquarie Private Bank Division Director Martin Lakos. Plus, ANZ has been fined $240 million for what ASIC has called widespread misconduct, including allegations of failing to respond to customer hardship notices and failing to refund fees charged to thousands of dead customers. For more, Asha Abdi spoke with Professor Allan Fels from the University of Melbourne.