Ant,
Because the lawyers came in with the receivership and advised ANZ that the bank had legal title under the AMSLA...and could therefore sell the shares under default provisions.
Prior to this, the bank believed or thought that clients had beneficial ownership...thats why they put an $800m charge in place the week before.
anz knew beneficial ownership to opes clients , page-2
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Last
$31.59 |
Change
-0.230(0.72%) |
Mkt cap ! $94.08B | |||
| Open | High | Low | Value | Volume |
| $31.81 | $31.85 | $31.46 | $174.0M | 5.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $31.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.60 | 12719 | 5 |
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| ANZ (ASX) Chart |