ACCC trying to ‘fit a square peg into a round hole’ with bank cartel case, court hears

Competition & Consumer Protection 2021-12-03 4:59 pm By Cindy Cameronne | Sydney

The ACCC has been accused of running a “experimental test case” that tries to fit the shares market within the scope of the Competition and Consumer Act with its criminal cartel case against Citigroup, Deutsche Bank and several prominent banking executives over a $2.5 billion ANZ share placement.