U.S. Markets closed

Australian regulator says 'extensive' investigation behind looming charges against ANZ, Deutsche

SYDNEY (Reuters) - Australia's competition regulator said the criminal cartel charges it expects to lay against Deutsche Bank and Australia and New Zealand Banking Group over a 2015 ANZ share issue follow an "extensive investigation".

It made the comments in a statement issued on its website on Friday. Prosecutors allege the A$79 billion bank was knowingly involved in cartel conduct by the joint lead managers of the equity placement of about 80.8 million shares, ANZ said in a separate statement.

Deutsche, one of the managers, has said it will defend the charges.


(Reporting by Tom Westbrook; Editing by Michael Perry)