John McFarlane
ANZ settles with Targett
By: Insto staff | posted March 7th, 2010 21:59ANZ has reached an out of court settlement with former institutional banking chief Steve Targett, who sued the bank for A$57 million after being passed over as chief executive.
The case was due to be heard in the Federal Court next week, but the two parties reached agreement to end a two and a half year legal dispute in a move which takes a potential A$57 million liability off the ANZ balance sheet.
Targett left London in 2004 from Lloyds TSB to join ANZ, reporting to former chief John McFarlane.
- 2010 total domestic issuance: 88,644 A$m
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Deal Log
| Date | Issuer | Facility | Amount (million) |
|---|---|---|---|
| 08/09/2010 | KfW | Senior Kangaroo | 300 AUD |
| 07/09/2010 | Commonwealth Bank of Australia (CBA) | Senior domestic AMTN | 1,500 AUD |
| 06/09/2010 | FirstMac | Domestic RMBS(prime) | 416 AUD |
| 02/09/2010 | Bank of Scotland, Australia Branch | Senior domestic AMTN | 600 AUD |
| 01/09/2010 | European Investment Bank (EIB) | Senior Kangaroo | 600 AUD |