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Judge OKs $100M in rate-rigging settlements
Allens 2017-11-10 10:58 pm By Cat Fredenburgh Melbourne
A Federal Court judge on Friday signed off on $100 million in settlements between Australia's securities regulator and National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. for attempting to manipulate the market for the bank bill swap reference rate.
Westpac to face ASIC alone in rate rigging trial
Allens 2017-10-30 4:25 pm By Cat Fredenburgh Melbourne
Westpac Banking Corp. will go it alone and defend itself at trial against claims by Australia's securities regulator that it rigged interest rates, after National Australia Bank and Australia and New Zealand Banking Group reached settlements on the eve of trial.
Australian Olympic Committee loses fight over Telstra’s Rio ads
Allens 2017-10-26 2:05 pm By Christine Caulfield Melbourne
The Australian Olympic Committee lost its challenge to a court ruling that found for Telstra in a consumer and intellectual property battle over the company's 'Go to Rio' ad campaign.
ASIC, banks delay rate rigging trial again as talks continue
Allens 2017-10-25 11:06 am By Cat Fredenburgh Melbourne
The trial against three of Australia's biggest banks over alleged interest rate rigging was pushed back again on Wednesday after lawyers for National Australia Bank and Australia and New Zealand Banking Group told the Federal Court they were still in settlement talks with the securities regulator.
ANZ settles with ASIC on eve of trial
Allens 2017-10-23 12:05 pm By Christine Caulfield Melbourne
Australia and New Zealand Banking Group Ltd. has reached an 11th-hour deal with the securities regulator over allegations of interest rate rigging.