Oct 13 (Reuters) - Australia's ANZ Group (ANZ) acknowledged the Federal Court decision that said the bank should have advised the market of the joint lead managers taking shares in its 2015 institutional share placement worth A$2.5 billion ($1.58 billion).
The maximum penalty under the court decision is A$1 million, the country's third-largest lender said on Friday, adding that it was reviewing the judgment.
($1 = 1.5838 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))
News: ANZ Aussie lender ANZ acknowledges court decision on 2015 troubled share placement
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