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ANZ in Fraud Probe

  1. 17,482 Posts.
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    Is this yet more corrupt activity caught in the same web as UBS, JPM etc etc in the Forex and interest rate activity.

    ANZ suspends traders during Fraud Probe

    From an article in the AFR thur 20 Nov 2014

    By James Eyers and Jonathan Shapiro

    Anz Banking Group has stood down seven traders being targeted by the ASIC for possible manipulation of Australia's benchmark interest rate.
    ASIC is investigating an extensive period of potential misconduct in the Bank Bill Swap Rate(BBSW market from early 2007 - 2013.

    "Sorry don't have the article only the hardcopy paper, but the above is the gist of the article."

    If you have an online account with AFR you can read it there.
 
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