ASIC backs Westpac rate rigging claim with explosive recordings
James Eyers and Jonathan Shapiro
Updated
Traders at Westpac openly discussed how "f------ with the rate set" could hurt some customers and ultimately and "deservedly" harm the bank's reputation if an inquiry into the bank bill market was ever conducted.
The revelations are presented in new court documents that provide fresh detail on alleged manipulation by the bank of a key benchmark interest rate, the bank bill swap rate (BBSW).
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Latest In Financial services
Fetching latest articles