ASIC: ANZ shows 'unconscionable conduct' in interest rates

CORPORATE watchdog ASIC started Federal Court action yesterday against ANZ Banking Group for allegedly manipulating a key market interest rate.

ASIC also alleged the bank showed "unconscionable conduct" in setting the bank bill swap reference rate 44 times between 2010 and 2012.

ANZ "rejected" the allegations.

"ANZ will be vigorously defending legal action brought by the commission," a spokesman SAID.

The swap reference rate is used to calculate payments on hundreds of billions of dollars of securities and loans.


Tattoo tells the story of an Anzac hero

Tattoo tells the story of an Anzac hero

A tattoo on Chris De Lacy's wrist reminds her of her father.

Funding secures active future for Cherbourg kids

Funding secures active future for Cherbourg kids

More than $300,000 in funding has been announced for Cherbourg.

COUNCIL BRIEFS: Snap shot of April's meeting

COUNCIL BRIEFS: Snap shot of April's meeting

Council prepare for a busy Easter long weekend.