ANZ Overstates Government Bond Values 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 informed the Australian Office of Financial Management (AOFM) that there was an error in the reported turnover data. ANZ has acknowledged the potential issue and is reviewing its internal processes. This comes as the Australian Securities and Investments Commission (ASIC) is investigating ANZ over the execution of a government bond sale last year. ANZ was also absent from Australia's first green bond sale in June. [Extracted from the article]