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Liam Dann: Pressure mounts on Sir John Key as ANZ turmoil grows
Sir John Key was a guest speaker at the Institute of Finance Professionals NZ ( INFINZ ) conference in Auckland on Thursday. 1 November 2018 New Zealand Herald Photograph by Greg Bowker

Liam Dann: Pressure mounts on Sir John Key as ANZ turmoil grows

ANZ chairman Sir John Key was already facing calls to resign before the highly unusual departure of chief executive David Hisco.

The news that Hisco departs amid a cloud about personal expenses adds to the impression of disarray at New Zealand’s largest bank.

He departs over what’s alleged to be accounting irregularities around tens of thousands of dollars of expenses.

While serious, that must be measured against a salary of more than $3 million a year.