ANZ investors are concerned about whether the bank has the right controls in place and whether acting chief executive Antonia Watson should be ruled out of the top job because of her links to the controversial property sale to David Hisco's wife.

And they say the fiasco could not have come as a worse time for the banking sector which is trying to lobby against proposals by the Reserve Bank to increase the capital held by banks.

Matthew Goodson, managing director of Salt Funds Management, said as an ANZ shareholder he was not very happy about the expenses scandal that

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Hisco Inferno