A major union has demanded an urgent intervention into ANZ bank from the Fair Work Commission after it was fined $240m and faced a myriad of challenges in recent times.

The $240m fine looms after the bank agreed to the penalty with the Australian Securities and Investments Commission for “unconscionable” conduct by the company relating to bond trading, hardship notices, deceased customers and misleading interest rates.

It also revealed plans to sack thousands of workers last week and accidentally told staff they were being sacked via a tech blunder last month .

The Finance Sector Union has gone to the Fair Work Commission and will meet with workers to support them through consultation processes with the bank.

“ANZ is a bank in crisis — fined $240 million by ASIC for its misconduc

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