Australia's largest bank to pay â¹124 cr over rate-rigging
Australia's largest bank Commonwealth Bank will pay $18.5 million (â¹124.5 crore) to settle an interest rate-rigging case brought by corporate watchdog ASIC. The bank manipulated the bank bill swap rate 5 times between February and June 2012. The bank will also acknowledge attempting "to engage in unconscionable conduct" and that it couldn't adequately monitor trading and communications of staff. 