The simple truth is that like the Westpac Swiss loans affair, the ANZ should never have loaned on a business model that relied on such an unfair security. Again, like Westpac, they will come to understand that when you breach community standards there is no certainty you will win in the courts – no matter what the QCs say.
Comment ...The writers belief is all of ANZ Noms believed Opes Clients retained beneficial ownership
Heck..they said so in meetings and by responses to notices and they didn't lodge substantial shareholder notices..not because of some magical waiver that ended up not existing ...because they believed they were Custodian (legal title only)
Double Heck... ..ANZ then attempted to rewrite history when things went pear shaped
Any way if someone believes this historical revision ...there was an onus on ANZ to be crystal clear about "their manifestly unfair security"...they didn't...
We say ..we were deceived ...see my earlier piece on misleading and deceptive conduct
The simple truth is that like the Westpac Swiss loans affair,...
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Last
$32.13 |
Change
0.420(1.32%) |
Mkt cap ! $95.69B | |||
| Open | High | Low | Value | Volume |
| $31.76 | $32.15 | $31.25 | $240.8M | 7.570M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 383 | $32.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.13 | 8919 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |