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16 Sep 2019 6:01
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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.

    © 2019 Newstalk ZB, NZCity


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     Top Stories

    RUGBY RUGBY
    Tasman have been given a wake-up call in their Mitre 10 Cup match against North Harbour in Nelson More...


    BUSINESS BUSINESS
    Restaurant franchise Wagamama owes nearly five-million-dollars to creditors, including former staff left out of pocket More...



     Today's News

    Rugby:
    Tasman have been given a wake-up call in their Mitre 10 Cup match against North Harbour in Nelson 5:46

    Netball:
    Silver Ferns coach Noeline Taurua's bid at a third successive Australian domestic netball title has fallen short 4:46

    Health & Safety:
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    Motorsports:
    Series leader Scott McLaughlin has won race two of the Supercars' round at Pukekohe 21:57

    Rugby League:
    Broncos coach Anthony Seibold's proud of what his side's managed to achieve in a tough NRL season 18:57

    Cricket:
    England have the chance to secure a consolation Ashes cricket test victory against Australia tonight at The Oval 18:37

    Rugby League:
    Sydney Roosters prop Jared Waerea-Hargreaves will head to the NRL judiciary for the second time in a week after pleading not guilty of a foot-trip 17:27

    Tennis:
    New Zealand have won their Davis Cup tennis tie against Indonesia in Jakarta 16:57

    Law and Order:
    Police are asking for help finding a man who has gone missing near the Taranaki town of Stratford 16:47

    Motorsports:
    Red Bull Racing are continuing their dominance at the Supercars' round at Pukekohe this weekend 14:57


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