WBC westpac banking corporation

News: WBC Westpac Updates On Court Ruling In Relation To BBSW case

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    May 24 (Reuters) - Westpac Banking Corp (WBC) :

    • NOTES TODAY'S FEDERAL COURT RULING IN RELATION TO ASIC'S CLAIM AGAINST WESTPAC CONCERNING BANK BILL SWAP RATE
    • JUSTICE BEACH FOUND THAT WESTPAC HAD NOT ENGAGED IN MARKET MANIPULATION OR MISLEADING AND DECEPTIVE CONDUCT UNDER CORPORATIONS ACT
    • HOWEVER, COURT FOUND WESTPAC DID ENGAGE IN UNCONSCIONABLE CONDUCT ON 4 OF 16 OCCASIONS AND THAT WESTPAC'S HAD BREACHED ITS SUPERVISORY DUTY
 
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Last
$37.95
Change
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