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ASIC handed out the largest fine in its history — $240 million — to ANZ. Six years after the Banking Royal Commission exposed widespread misconduct in the industry, ANZ's breaches sound familiar: fees charged to the dead, misleading customers about savings and credit cards, and ignoring people in financial hardship. The bank was also fined for unconscionable conduct for mismanaging a government bond issue. Joe Longo is the Chair of ASIC and he spoke to 7.30's Sarah Ferguson. | 7.30
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