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ANZ Bank settles rate-rigging case with securities regulator

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The settlement is a smart move by ANZ Bank because it could help protect its brand and avoids the airing of its dirty laundry in public, says Andrew Hughes, a lecturer in branding and marketing at Australian National University in Canberra.

Sydney

AUSTRALIA & New Zealand Banking Group Ltd reached a last-minute settlement with the nation's securities regulator over allegations it rigged a benchmark interest rate.

The in-principle agreement was announced on the first day of a court hearing over allegations that ANZ...

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