UPDATE 2-ANZ writes down AmBank stake after 1MDB scandal settlement
By Lawce in Business
Updated 3 years ago
SYDNEY, March 1 (Reuters) - Australia and New Zealand Banking Group ANZ.AX said on Monday it will write down the value of its investment in AMMB Holdings Berhad (AmBank) after the Malaysian bank settled a claim linked to the massive financial scandal at state fund 1MDB. Australia's fourth-largest lender will...