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Australia's ANZ settles 2016 class action on alleged interest rate rigging

Australia's ANZ settles 2016 class action on alleged interest rate rigging

FILE PHOTO: The logo of the ANZ Banking Group is displayed in the window of a branch in central Sydney, Australia, Aprl 30, 2016. REUTERS/David Gray/File Photo

REUTERS: Australia and New Zealand Bank on Monday said it had agreed to settle a 2016 class action, filed in the United States against it, for alleged benchmark interest rate rigging.

The lender said it did not admit liability.

It also said the terms of the settlement were confidential and the financial impact would not be material.

(Reporting by Soumyajit Saha in Bengaluru; editing by Barbara Lewis)

Source: Reuters

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