ANZ Fires, Suspends Traders Amid Alleged Dealing Misconduct (3)

ANZ Group Holdings Ltd. fired and suspended traders after allegations of misconduct, with pressure building on Chief Executive Officer Shayne Elliottto clean up a markets division beset by multiple probes into its dealing practices and culture.

While Australia’s fourth-largest lender disclosed few details of the disciplinary actions in a statement on Thursday, they follow investigations into behavioral conduct in the market division and two probes into the bank’s bond dealings.

Shayne Elliott

Photographer: Carla Gottgens/Bloomberg

The Melbourne-based bank, which has more than 40,000 employees, said it has made management changes and that senior executives including Elliott may face consequences from the board.

ANZ ...