The public should be 'shocked, dismayed and disgusted' at the major banks
- Written by Pat McConnell, Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
ANZ and NAB have settled with ASIC over manipulation of the Bank Bill Swap Rate.ShutterstockThe Australian public should be dismayed and disgusted that the major banks are still attempting to cover up the extent of their complicity in manipulating the Bank Bill Swap Rate (BBSW), a key interest rate benchmark.
For years, the banks covered up the...
Read more: The public should be 'shocked, dismayed and disgusted' at the major banks