Traders Misbehaving for Years Make Clean-Up at ANZ a Tough Job.

ANZ Group Holdings Ltd., an Australian bank, is facing challenges due to allegations of misconduct in its markets division. The bank is considering policy changes to restore its reputation, and the country's securities regulator is investigating its role in a debt sale. ANZ has struggled with allegations of poor behavior among traders for years, and internal investigations have been conducted in the past. The bank's CEO, Shayne Elliott, has apologized for errors in spreadsheets that misrepresented trading values. ANZ's shares have underperformed compared to its peers, and the banking regulator has called for more capital and an independent review of the bank's issues. The investigations have focused on the Sydney trading room, and there have been concerns about the bank's corporate culture and lack of oversight. ANZ has made efforts to address these issues in the past, but the recent allegations suggest that more needs to be done. [Extracted from the article]