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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


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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