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Macquarie, ANZ to pay A$15m in rate rigging settlement

ANZ admits to 10 instances of alleged cartel conduct and Macquarie to eight in relation to 2011 ringgit fixing case

Sydney

MACQUARIE Bank Ltd and Australia & New Zealand Banking Group Ltd (ANZ) agreed to pay a combined A$15 million (S$16 million) in penalties after admitting to attempted cartel conduct relating to the setting of a benchmark Malaysian rate in 2011.

The Australian Competition

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