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    Former ANZ chief drops legal proceedings over $9.5 million bonus cut

    Picture of ANZ group logoANZ group
    24/02/2026 01:39
    Feb 24 (Reuters) - ANZ Group ANZ.AX said on Tuesday that former CEO Shayne Elliott has dropped legal proceedings against the Australian lender over bonuses worth A$13.5 million ($9.52 million).

The Australian lender said no payments or commitments were made to Elliott, with both sides agreeing to cover their own legal costs.

A spokesperson for Elliott did not immediately respond to a Reuters' request for comment.

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((Shivangi.Lahiri@thomsonreuters.com;))

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