Australia's Westpac Banking Corp offered to refund investors who bought new...
) offered to refund investors who bought new shares weeks before a bombshell lawsuit accusing it of millions of breaches of money laundering laws, a rare step to fend off criticism about its transparency.
The scandal has already seen out the bank’s CEO, chairman and head of its compliance committee, and large investors and their proxies have called for more heads to roll at Westpac’s annual general meeting on Dec. 12. “It seems to me like they might be trying to get ahead of a class action,” said Rod Bristow, CEO of Clime Asset Management, which holds Westpac shares and participated in the capital raising.
“I would only be concerned if they had additional information that they were aware of that they should have disclosed to us that they hadn’t, or if they had tried to dress it down or paint it in a light that misrepresents the situation,” he added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
CEO of Australia's Westpac exits over money laundering scandalWestpac CEO Brian Hartzer stepped down from the helm of Australia’s second-largest retailer a week after regulator AUSTRAC launched legal action for allowing millions of payments in breach of anti-money laundering laws
Leer más »
Factbox: Westpac's money-laundering scandal in quotesThe chief executive of Australia's Westpac Banking Corp stepped down on Tue...
Leer más »
Australia's Westpac allows withdrawal of share purchase applicationsAustralian lender Westpac Banking Corp said on Thursday it would let investors w...
Leer más »
Australia central bank seen cutting rates twice, introducing QE in 2020: WestpacAustralia's central bank is likely to cut interest rates twice next year, t...
Leer más »
SEB says no need for action over money laundering 'red flags' reportSEB said on Wednesday it saw no need for further action after a Swedish Televisi...
Leer más »