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ANZ settles with insurer over frozen funds
Friday 21st of February 2014
ANZ Bank New Zealand announced the payment in its latest Quarterly Disclosure Statement.
“In December 2013, the Bank reached a conditional agreement with insurers to settle its claim in relation to the Bank’s former involvement in the ING Diversified Yield Fund and the ING Regular Income Fund for payment of AUD85 million, subject to taxation,” the bank said.
The funds were managed...
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