ANZ agrees to settle US class action complaint
Australia and New Zealand Banking Group Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 11 005 357 522
News Release
For Release: 22 March 2021
ANZ agrees to settle US class action complaint
ANZ today announced it had reached an agreement to settle a class action brought against
it in the United States during 2016.
The class action named a number of banks, including ANZ, and related to the bank bill swap
rate (BBSW) and the trading of BBSW-based products.
The settlement is without admission of liability and remains subject to negotiation and
execution of complete settlement terms as well as court approval. The terms of the
settlement remain confidential. The financial impact of the settlement is not material.
For media enquiries contact:
Nick Higginbottom, +61 403 936 262
Approved for distribution by ANZ’s Continuous Disclosure Committee
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