ASIC Investigation: Global Banks Risk All With $2.5bn Westpac Capital Raising!
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28th Nov 2019: Global Banks-UBS, Citi, JPMorgan-Risk $2.5bn Class Action With Westpac's Latest Capital Raising!
Why? Insufficient, Inadequate Due Diligence Of Westpac Risks.**In Mad Rush For Massive Broker-Underwriting Fees/Commissions UBS, Citi, JPMorgan Have Skipped In-depth DD.Today, Regulator ASIC Initiated Investigations. Why?** 1. See AUSTRAC Civil Court Actions. See ASX Ann's.2. Westpac Fraudulent Home Mortgage Valuations Resulting In Over-Valuated Of WBC Assets By Up to 32%. (Yet To Be Reported By WBC)Westpac Key Executives In Charge? CEO Brian Hartzer (R), CFO/New Acting CEO Peter King (2/12/2019-L).12th Dec = 2019 AGM: Hot Topic For Directors & CEO.PS: Any Fines, SP Damage Is In Addition To:1. Remediation Costs: $1.9bn, Rising To $5bn (est)2. Cost Shareholders $50 Billion In Market Capitalization3. AUSTRAC Fines $2,998,119,000,000 (est)4. Unknowns: $???bn
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