ANZ Bank settles rate-rigging case with securities regulator
Tue, Oct 24, 2017 - 5:50 AM
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.
REUTERS FILE PHOTO
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...