I believe that there is a serious risk of a class action evolving over this fiasco.
Mist importantly WBC knew about this and was trying front run this by doing a capital raising whilst its share price was higher.
The $2.5b raise was regarded as large given the underlying financial purpose of the rise.
Given this and under quizzing fr the financial community WBC said it was to crate a buffer against "potential regulatory or litigation action".
And bingo what happened!!!!
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Last
$32.65 |
Change
-0.420(1.27%) |
Mkt cap ! $111.7B | |||
| Open | High | Low | Value | Volume |
| $33.12 | $33.29 | $32.38 | $195.9M | 5.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 450 | $32.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.66 | 14137 | 2 |
View Market Depth
| Last trade - 16.19pm 22/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |