Criminal Cartel Charges Laid Against ANZ, Citigroup, Deutsche Bank

Date : 05/06/2018 @ 18:00
Source : Dow Jones News
Stock : Australia And New Zealand Banking Group Limited (ANZ)
Quote : 27.7  -0.25 (-0.89%) @ 18:49
Australia And New Zealan... share price Chart

Criminal Cartel Charges Laid Against ANZ, Citigroup, Deutsche Bank

Citigroup (NYSE:C)
Historical Stock Chart

2 Years : From Oct 2017 to Oct 2019

Click Here for more Citigroup Charts.
   By Robb M. Stewart 
 

MELBOURNE, Australia--Criminal charges have been laid against Citigroup Inc. (C), Deutsche Bank AG (DB) and Australia & New Zealand Banking Group Ltd. (ANZ.AU), alleging cartel conduct relating to a 2015 capital raising by the Australian bank.

The charges were laid Tuesday by Australia's Commonwealth Director of Public Prosecutions against the three banks, as well as several senior executives. It follows a more than two-year investigation by the Australian Competition and Consumer Commission.

In a statement, the regulator said the matter is expected to appear before a Sydney court on July 3.

Citi and Deutsche Bank said they would each defend themselves and their employees against the allegations. ANZ previously said it would fight any charges of cartel conduct.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

June 05, 2018 03:45 ET (07:45 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Your Recent History
FX
EURAUD
Euro vs Au..
FX
USDAUD
US Dollar ..
ASX
WPL
Woodside
NASDAQ
AAPL
Apple
ASX
BHP
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:au D:20191019 05:51:46