Federal Court condemns ANZ global markets culture, orders payout over withheld bonuses
A Federal Court judgment published on October 5, 2026 sharply criticised the culture inside ANZ’s global markets division while upholding parts of the bank’s case against former trader Etienne Alexiou, and ordered ANZ to calculate compensation for withheld deferred equity. The ruling deepens reputational and regulatory pressure on one of Australia’s biggest banks ahead of an investor strategy update.
