Deutsche Bank and Rabobank traders allegedly exchanged commercially sensitive information and coordinated pricing and trading strategies on government bonds.
December 13, 2022Maximum penalties for companies can be as high as A$50mn, three times the benefit derived from a breach, or 30% of annual turnover.
November 3, 2022Four individuals were also sentenced to jail on criminal cartel charges, but they were released on good behaviour bonds.
June 18, 2022Australia's top prosecutor concluded that there were no longer reasonable prospects of convicting Citigroup, Deutsche Bank and four former executives.
February 14, 2022During Europe's sovereign debt crisis, the banks shared information about their EGB bidding and trading strategies in Bloomberg terminal chat rooms.
May 25, 2021The banks are alleged to have colluded on how to offload ANZ shares in 2015 by restricting supply to maintain market prices.
December 9, 2020The government accuses the banks of forming a criminal cartel to either “directly or indirectly” restrict the supply of ANZ shares or maintain the price of ANZ shares.
July 12, 2019The ACCC and Australian police have brought charges against an alleged price-fixing cartel, which is said to have been directed by Vietnam's Sacombank.
April 12, 2019Citigroup, Deutsche Bank and ANZ are facing criminal charges in Australia after an investigation revealed cartel behaviour in the trading of ANZ stock.
June 4, 2018