Australia's NAB to settle U.S. bank bill swap rate class action

[June 18, 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)

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