Nov 30 (Reuters) - Westpac Banking Corp (WBC) :
- WESTPAC AND ASIC REACH AGREEMENT ON SIX REGULATORY MATTERS
- REACHED AGREEMENT WITH ASIC TO RESOLVE SIX SEPARATE LONGSTANDING MATTERS THROUGH AGREED CIVIL PENALTY PROCEEDINGS FILED IN FEDERAL COURT
- WESTPAC AND ASIC WILL JOINTLY SUBMIT AGREED PROPOSED PENALTIES FOR EACH OF PROCEEDINGS, TOTALLING A$113 MILLION
- MAJORITY OF AFFECTED CUSTOMERS HAVE BEEN COMPENSATED, AND ANY REMAINING PAYMENTS WILL BE COMPLETED AS QUICKLY AS POSSIBLE
- PENALTIES HAVE BEEN SUBSTANTIALLY PROVISIONED (TOGETHER WITH ANTICIPATED LEGAL COSTS) IN WESTPAC'S FULL YEAR 2021 RESULTS
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Nov 30 (Reuters) - Westpac Banking Corp (WBC) : WESTPAC AND...
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