ANZ must mitigate their loss and therefore they must sell the shares in an orderly way to crystalise the loss. What if the market had crashed 10% in a day and the bank had sold shares for 10% less than they did. They had a duty to draw a line in the sand and this is what they did. Account holders with Opus new that Opus held their shares, all they had to do was read the documents. Why did opus lend against speculative shares? The risks were higher and therefore the core shares were at risk. The only issue is whether ANZ had a duty of care for the Opus account holders. They had no reltionship. ANZ had a duty to its shareholders and it exercised that prudently. I just purchased 20,000 shares through Mac Prime...Lets just hope its only the Prime part that they have in common! Dividend in 4 weeks of 70 cents per share!
- Forums
- ASX - By Stock
- ANZ
- duty of care
duty of care
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ANZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
$32.57 |
Change
0.430(1.34%) |
Mkt cap ! $97.00B |
Open | High | Low | Value | Volume |
$32.16 | $32.66 | $32.16 | $179.5M | 5.518M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3472 | $32.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.57 | 5854 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3472 | 32.550 |
2 | 6076 | 32.540 |
5 | 23221 | 32.530 |
1 | 3500 | 32.520 |
2 | 2000 | 32.510 |
Price($) | Vol. | No. |
---|---|---|
32.570 | 5854 | 1 |
32.580 | 18050 | 2 |
32.590 | 12401 | 3 |
32.600 | 22137 | 5 |
32.610 | 18539 | 5 |
Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
Featured News
ANZ (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, MD & CEO
Charles Armstrong
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online