As ANZ duped customers and ignored hardship notices, the bank’s bosses raked in $26m in bonuses

The bonuses – awarded during the bank’s three years of misconduct – have been condemned as ‘indefensible’ and ‘tone-deaf’, especially given recent job cuts

• Follow our Australia news live blog for latest updates

• Get our breaking news email, free app or daily news podcast

The bank charged fees on dead people’s accounts, ignored hardship notices and misled customers. But over those same three years, ANZ bosses were awarded more than $26m in bonuses.

Now, shareholder proxy firms are waiting until December to see whether bonuses will be cut in response to the record $240m in fines given for ANZ’s widespread misconduct.