Australia cracks down on interest rate-rigging
Australia has announced stiffer penalties for interest rate-rigging as the chiefs of its four biggest banks are grilled by MPs.
Under the new rules, manipulation of the rates used when banks lend money to each other will be a criminal offence.
The plans were announced as the top four bank chiefs face tough questions from a parliamentary inquiry.
The probe comes as the ongoing crisis at Deutsche Bank has put a fresh spotlight on the global banking sector.
Australia's treasurer, Scott Morrison, said the tough new rules were to "ensure that past egregious conduct by the banks in... read more
- 11:58 Paul Pogba in, Zlatan Ibrahimovic out! Find out who makes our...
- 11:57 Tour de Yorkshire: Forged by legacy
- 11:57 Warring parties to fight on after latest twist in bitter...
- 11:56 British brands lose value post-Brexit
- 11:56 Qatar denies trying to pay ransom money to free hostages in Iraq
- 11:56 Lawyers who defend drivers in court accused of speeding join forces
- 11:56 Bluebells in bloom show spring has sprung
- 11:56 Watch Ed Sheeran being CARRIED to the stage from his dressing room...
- 11:56 Woman arrested on suspicion of manslaughter after man dies in house...
- 11:56 Ryan Sessegnon EXCLUSIVE: This is who Fulham star wants to play for...
- 11:56 Tyson Fury shares sincere clip from Spanish training camp vowing ‘I...
- 11:55 Star Wars news: Is THIS when Han Solo movie title will be revealed?...
- 11:55 Second principal for Leeds free school
- 11:55 New series of organ recitals set to begin
- 11:55 How to spot an email phishing scam
- 11:55 Tributes to Preston cartoonist Leo Baxendale
- 11:55 REVIEW: Catching the early bird at The Sparling Barton is highly...
- 11:54 Lout threatened to break paramedic’s JAW as she tended to patient
- 11:54 Two fifths of male football fans admit to destruction of items
- 11:54 Here's how to bag yourself a two-bedroom home in Derby for just £35k!
- 11:53 Northern train strike will affect thousands of Merseyside commuters
- 11:53 Celtic keeping tabs on wanted FC Utrecht defender Giovanni Troupee
- 11:53 Police hunt wanted man with links to Fylde coast
- 11:53 Police appeal to trace boy missing for two weeks
- 11:53 This huge shark has been caught off the coast of Devon
- 11:53 Taylor Wimpey apologises in leasehold dispute
- 11:52 Leo Baxendale: Bash Street Kids and Minnie the Minx comic legend...
- 11:52 Italy's Renzi set to regain leadership of weakened ruling party
- 11:51 Latest Chesterfield magistrates’ court results
- 11:51 McDonald’s will roll out its new UK home delivery service this summer