Australia threatens ANZ, Deutsche and Citi with criminal charges over share issue

FILE PHOTO - The logo of the ANZ Banking Group is displayed in the window of a newly opened branch in central Sydney, Australia. Picture: REUTERS/David Gray

SYDNEY – Australia is preparing criminal cartel charges against the country‚Äôs third-biggest bank and underwriters Deutsche Bank and Citigroup over a $2.3 billion share issue, in an unprecedented move with potential implications for global capital markets. The pending charges, which can carry hefty fines and 10-year prison terms, threaten to change the way institutional capital […]

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