Looks like ASIC are going to give ANZ their full brunt in their...

Looks like ASIC are going to give ANZ their full brunt in their actions in taking full advantage of OP clients to the tune of $260 million to start with. That issue so far just relates to pref payment, still M&D conduct and breaches of the corp act to come.

Me think the walls are starting to cloese in big time.

$260 million plus ML money of around $81 million, and the pool looks like getting bigger yet with possible M&D conduct. Whats the target, $530 million for 100c return. So basically ANZ are now weighing up $180 million to avoid court action on M&D conduct and possible compo. ASIC's lodged evidence is pretty black and white for pref payments, no hiding from that.