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NAB to fight ASIC court case on rate-rigging

AAP
AAP Source: AAP

The National Australia Bank says it will fight an Australian Securities and Investment Commission Federal Court case on so-called "rate-rigging."The corporate monitor is accusing the bank of manipulating the market.The Coalition says the move by ASIC shows the system is working.But Labor and the Greens say it reinforces the need for a royal commission into the banks.


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By Sacha Payne, Anastasia Tarasova

Source: SBS



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The National Australia Bank says it will fight an Australian Securities and Investment Commission Federal Court case on so-called "rate-rigging."The corporate monitor is accusing the bank of manipulating the market.The Coalition says the move by ASIC shows the system is working.But Labor and the Greens say it reinforces the need for a royal commission into the banks.



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