Aussie cartel case heads to trial

摘要

A landmark criminal cartel case in Australia involving three global banks is about to head to trial, the outcome of which will have major implications for how banks handle capital raisings globally. An Australian court overseeing the case against CITIGROUP, DEUTSCHE BANK, AUSTRALIA AND NEW ZEALAND BANKINC GROUP and six of their current and former bankers rejected a prosecution request on Tuesday to delay proceedings. "We've reached the point where I have to say enough's enough," magistrate Jennifer Atkinson told the Downing Centre local court. "It's not fair to people to leave it too much longer. It needs to leave this court."