July 2 (Reuters) - Westpac Banking Corp (WBC) :
- COMMENCED PROCEEDINGS IN FEDERAL COURT OF AUSTRALIA AGAINST FORUM FINANCE PTY
- PROCEEDINGS COMMENCED FOLLOWING DISCOVERY OF A SIGNIFICANT POTENTIAL FRAUD
- POTENTIAL FRAUD RELATES TO PORTFOLIO OF EQUIPMENT LEASES WITH WESTPAC CUSTOMERS ARRANGED BY FORUM FINANCE
- IT APPEARS NO WESTPAC CUSTOMER HAS SUFFERED A FINANCIAL LOSS
- BANK HAS A POTENTIAL EXPOSURE OF AROUND $200 MILLION AFTER TAX, WITH EXTENT OF ANY LOSS DEPENDENT ON OUTCOME OF ITS INVESTIGATION
- HAS OBTAINED CERTAIN ASSET FREEZING AND SEARCH ORDERS TO PRESERVE AVAILABLE ASSETS AND RELEVANT INFORMATION
- WESTPAC IS CONTINUING TO INVESTIGATE HOW THIS OCCURRED, INCLUDING UNDERTAKING AN EXTERNAL REVIEW
- FRAUD APPEARS TO HAVE BEEN PERPETRATED EXTERNALLY
News: WBC Westpac Commences Proceedings In Federal Court Of Australia Against Forum Finance Pty
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$34.36 |
Change
0.050(0.15%) |
Mkt cap ! $117.7B | |||
| Open | High | Low | Value | Volume |
| $34.30 | $34.72 | $34.26 | $56.73M | 1.645M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 585 | $34.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.36 | 1295 | 10 |
View Market Depth
| Last trade - 12.32pm 12/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |