Australian media on an investigation into rate rigging - bank fined $50 million

Author: Eamonn Sheridan | Category: News

A piece on the investigation in Australia into alleged manipulation of a benchmark rate setting: 

  • BBSW is the benchmark used to set the interest on "short-term loans between the banks, as well as many other corporate transactions"
Dunno what to say about this, pretty disturbing stuff. Have a read and form your own opinions.

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