‘Gentle’ trading in ANZ shares an individual decision by banks, ex-JPMorgan boss says

ACCC 2021-11-16 6:27 pm By Cindy Cameronne | Sydney

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A former JPMorgan managing director has said the three investment banks at the centre of an alleged cartel made individual decisions to trade “gently” in ANZ shares but were conscious of their fellow underwriters’ risks following a botched share placement in 2015.

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