It's not every year that a company faces a scandal which soaks up the news pages for not only days but weeks and months.

When the ANZ announced in mid-June that its long-standing former chief executive David Hisco was leaving following an investigation over expenses it could rightly have expected it to die down within a few days.

But after it emerged the bank had sold a luxury property to Hisco's wife for what seemed to be less than market value the questions just kept coming.

Yesterday acting ANZ New Zealand chief executive Antonia Watson described it as a "challenging"


Who will be ANZ's new CEO?

More capital