ANZ cops record $240m fine for misconduct | US-China trade talks as TikTok deadline looms

ANZ has apologised to customers after ASIC found it had committed a string of offences, including allegedly failing to refund fees charged to dead customers, not responding to customer hardship notices and failing to pay promised interest rates to thousands of people.

Plus, talks between US and Chinese officials have carried over into a second day in Madrid; both countries looking to improve trade relations, with the economy and the looming TikTok deadline also on the agenda.

00:00 ANZ has been accused by ASIC of engaging in widespread misconduct
03:07 Bank stocks
04:44 Talks between US and Chinese delegates have entered a second day in Madrid

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