ANZ Overstates Value of Government Bonds to Win Deals, AFR Says.

ANZ Group Holdings Ltd. has been accused of overstating the value of government bonds it traded by over A$50 billion ($34 billion) in a one-year period, according to the Australian Financial Review. The lender admitted to a potential issue in its bond trading data reporting process and has notified the Australian Securities and Investments Commission and the Australian Office of Financial Management. This development comes as the ASIC investigates ANZ over concerns of manipulating the sale of government debt. ANZ has not yet responded to requests for comment. [Extracted from the article]