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17 banks face US class suit over alleged rate-rigging in Australia

( August 18, 2016, 05:41 GMT | Official Statement) -- MLex Summary: Two US-based investment funds and an individual derivatives trader have filed a class action lawsuit in New York against 17 banks and two international broking houses over the alleged manipulation of Australia’s bank bill swap rate. ANZ and National Australia Bank have issued statements confirming they were among the banks named, while media reports state that that Commonwealth Bank and Westpac are also involved. The company's statements are attached. ...

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