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Court action against ANZ, ING not worth the extra fine, regulator says
Tuesday 22nd of June 2010
The regulator secured its biggest monetary settlement from ANZ and ING after the country's largest bank approached the commission seeking to settle over the funds, the regulator told reporters in Wellington today. The bank will also pay $1 million in legal costs as part of the final settlement, which is on top of the $500 million it has already available to investors under its compensation offe...
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