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27 Apr 2024 12:06
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      Home > News > Business

    ANZ disagrees with Financial Market Authority report

    ANZ says it disagrees with the findings of a Financial Market Authority report


    The FMA has ruled the bank should have disclosed the sale of an Auckland property, to the wife of former CEO, David Hisco.

    Hisco's family lived at the the St Heliers Bay Road property, which an ANZ subsidiary bought in 2011, and on sold in 2017.

    The FMA says the sale should have been disclosed as a related party transaction in its financial statements.

    But an ANZ spokesperson says an external auditor reached a different conclusion.

    It says it considers the transaction not to be material information.

    © 2024 Newstalk ZB, NZCity

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    The Chiefs are resigned to being without fullback Shaun Stevenson for at least a couple of weeks after he suffered a hamstring injury in the win over the Waratahs in Sydney More...

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     Today's News

    		 Golf:
    Danny Lee's hoping the birdies continue to flow in his second round at LIV Adelaide this afternoon 11:57

     Rugby:
    The Chiefs are resigned to being without fullback Shaun Stevenson for at least a couple of weeks after he suffered a hamstring injury in the win over the Waratahs in Sydney 11:37

     Health & Safety:
    King Charles to resume public-facing duties, but cancer treatment to continue 11:27

     Soccer:
    Leicester City have secured automatic promotion back into the English Premier League 11:17

     Motoring:
    Audi F1 have their first driver as Nico Hülkenberg joins Sauber 11:17

     Golf:
    Danny Lee's one shot off the lead in a share of second after the opening round at the LIV golf event in Adelaide 11:07

     Rugby:
    Former England rugby captain Owen Farrell will play for a World XV team coached by former All Blacks coach Ian Foster in June 10:27

     Soccer:
    Dutchman Arne Slot is set to become Liverpool's next manager 10:07

     Technology:
    Why it's getting harder to tell AI-generated images from the real deal online 10:07

     Rugby League:
    The Punjab Kings have chased down a world record target in their Indian Premier League encounter against the Kolkata Knight Riders 9:27

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