Standard Chartered (HKG:2888) poached ANZ's (ASX:ANZ, NZE:ANZ) entire credit trading team based in Singapore, The Straits Times reported Tuesday, citing Australian media.
The staff were reported to have left the Australian bank on Monday for StanChart, the report said.
The exact number is unknown, The Straits Times said.
Credit traders were said to express displeasure with their bonuses amid an investigation into ANZ's market business, the report said, citing sources.
ANZ's Asia credit trading business brought as much as AU$70 million in annual revenue, the report said.
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