WBC 0.62% $32.10 westpac banking corporation

Ann: Westpac Board unreservedly apologises, page-18

  1. 13,963 Posts.
    lightbulb Created with Sketch. 2379
    Good point.

    Maybe there is a real concern if they suspended trading that, when the fines come into being and the dust settles that they could see a total meltdown in the SP - that would create issues if the whole ASX went down 20% in a session.

    I do have shares in another bank and it has been hammered by this situation - I managed to sell most before hand so limited damages. In the end though, all bank SH have paid the price.

    I am not convinced we have seen the end of the SP decline - though it is slowing.
 
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