![ANZ is working with the ACCC to settle claims it acted as a cartel in rigging the benchmark rate for the Malaysian ringgit.](/content/dam/images/g/q/t/w/j/5/image.related.afrIndexLead.160x106.gsx9dx.png/1480064994701.jpg)
ANZ, Macquarie admit to cartel conduct
ANZ has agreed to pay a $9m penalty and Macquarie Bank $6m after admitting to trying to rig interest rates related to the Malaysian ringgit, the ACCC has said.
Joyce Moullakis writes on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Based in our Sydney newsroom, Joyce has over 12 years experience as a finance journalist, including a stint at Bloomberg News in London.
ANZ has agreed to pay a $9m penalty and Macquarie Bank $6m after admitting to trying to rig interest rates related to the Malaysian ringgit, the ACCC has said.
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