Analyzing ANZ Scandal with Organizational Learning Theory

The Learning Organization
Name of the Student
Name of the University
Author Note

Introduction
The ANZ Group, or the Australia and New
Zealand Group is one of the foremost banks
in the country of Australia, enjoying a
prominent position by virtue of its market
capitalization. It is the third most well known
banking group in Australia after the
Commonwealth Bank and the Westpac
Banking Corporation. Operations in Australia
form a major part of the business of ANZ,
with both commercial and retail banking
dominating such operations.

THE ANZ CARTEL SCANDAL – AN
OVERVIEW
The ANZ Bank in the year of 2015 was faced with the
mammoth responsibility of raising as much as three
billion dollars, the aim of doing so being to increase the
bank’s capital reserves by leaps and bounds.
The ANZ Bank decided that this is something that it was
going to achieve by issuing new shares (Jose et al.
2018). Three renowned investment banks in Australia
were roped in by the ANZ Bank for this purpose, namely
the Deutsch Bank, Citi Group and JP Morgan.
The intention behind this large scale collaboration was
to try and raise at least an amount close to 2.5. billion
dollars out of the 3 billion dollars which was needed by
the ANZ Bank.

The ANZ Cartel Scandal – An Overview
A decision was arrived at, that, what the three
banks would do would be to engage in the task
of underwriting all of the shares, implying that
in return for a large sum of money, the buyers
needed for purchasing the shares would be
located by the investment banks.
If it so happened, that there were no buyers who
were interested in purchasing the shares, then
the whole cash load is what would then be
procured by these investment banks.