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Where the big banks went wrong in the BBSW scandal
Jonathan ShapiroSenior reporter
Updated
With an election campaign in full swing, the latest interest rate-rigging revelations have come at the worst time for the big banks.
On Monday, The Australian Financial Review reported court documents filed by ASIC against Westpac that show a high awareness among traders that their actions could be harmful to the reputation of the bank and the integrity of markets.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
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