Australia’s NAB to settle U.S. bank bill swap rate class action
11:21 pm Thursday, June 17th, 2021
(Reuters) – National Australia Bank Ltd said on Friday it has agreed to settle a 2016 class action lawsuit in the United States over alleged manipulation of a key short-term interest rate.
The terms of settlement in the bank bill swap rate lawsuit are confidential and without any admission of liability, Australia’s third largest bank said. (https://bit.ly/35yyemo)
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Shounak Dasgupta)
