ANZ bank denies 'criminal cartel' allegation in Australia

ANZ bank denies 'criminal cartel' allegation in Australia
 

One of Australia's biggest banks, ANZ, will be prosecuted over an alleged criminal cartel arrangement, the nation's consumer watchdog says.
Both the bank and a senior official are facing charges over the trading of its own shares, the Australian Competition and Consumer Commission (ACCC) said.
ANZ said it would defend the charges against the bank and its employee.
Australia's banking sector is currently the subject of a royal commission inquiry into widespread misconduct.
Two undisclosed companies and a "number of other individuals" are also expected to be charged by prosecutors,... read more

 
1 June 2018 in Business, Views: 76
Source: BBC
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