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Regulatory

US funds launch lawsuit against big four banks

A class action lawsuit has been launched against NAB, CBA, ANZ and Westpac, as well as Macquarie and other investment banks for their alleged rigging of the bank bill swap reference rate (BBSW).

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Read more: NABUSANZASICBBSWWestpacCBAMacquarieASXFrontpoint Financial ServicesRichard DennisSonterra Capital Master Fund