CBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation
Editors, Regulation Asia, 23 March 2021
The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.
CBA (Commonwealth Bank of Australia) and ANZ Bank have separately issued statements saying they have reached an agreement to settle a class action brought against them in the US in 2016 involving the trading of certain BBSW-based products. Continue reading “Article: CBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation”
