
ANZ accused of rigging rates in Oz
Australia's corporate regulator has started legal action against ANZ Banking Group for alleged involvement in interest rate rigging among Australia's big four banks.
Australia's corporate regulator has started legal action against ANZ Banking Group for alleged involvement in interest rate rigging among Australia's big four banks.
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"No payment will be made by ANZ to Mr O'Connor and each party will meet their own legal costs," the bank said in today's statement.
Currency trader came to New Zealand for a change of pace, but rate-rigging claims followed him.
Fixed rate mortgages could be set to tumble to new lows in the coming months after the Reserve Bank signaled it may have to cut rates again this year.
Wellington banker accused of helping to rig international banking rates is still awaiting his fate on another charge.
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