Australia’s CBA says to dispute new rate-manipulation allegations by regulator


(Reuters) – Commonwealth Bank of Australia (CBA.AX) said on Monday it will dispute new claims by the Australian corporate regulator that doubles the number of allegations against the bank over rate-manipulation. Australia’s biggest bank added in a statement that it is reviewing details of the allegations lodged by the Australian Securities and Investments Commission against it in relation to trading allegedly affecting the bank bill swap reference rate on six occasions in 2012. Reporting by Shashwat Pradhan in Bengaluru; Editing by Muralikumar AnantharamanOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters