Westpac
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News
Lawyers look to Westpac settlement,
The principal lawyer leading a class action against the country’s second largest bank has said the mammoth settlement agreement over its money laundering charges would spell good news for claimants. More
Class act: Westpac’s court woe,
Forget the race for Virgin Australia, the real action is in the Federal Court where class action specialists Phi Finney McDonald, backed by international litigation funder, Woodford, will emerge to lead the class action against Westpac over the bank’s alleged anti-money ... More
Westpac Faces Shareholder Class Action for Possible Disclosure Failures,
The class action, filed by law firm Phi Finney McDonald, will rest on whether Westpac breached disclosure obligations or misled investors about the extent of its AML compliance failures. More
Westpac faces class action over AUSTRAC scandal,
Westpac has been served with a class action lawsuit alleging it deceived investors by failing to disclose the extent of AUSTRAC‘s risk management concerns, as documents reveal the bank made just under $2 million profit from the 23 million unreported transactions. More
Westpac investors sue over breaches,
WESTPAC has been hit by its first shareholder class action over the child exploitation scandal engulfing the nation’s second largest bank. More
Westpac woes widen as ASIC probe confirmed,
SYDNEY, Nov 25 AAP – Westpac faces a fresh investigation into its alleged money laundering and child exploitation scandal as the lender scrambles to salvage its reputation and stem a share price plunge that has now stretched into a fourth session. More
Westpac in crisis talks with largest investors amid money-laundering scandal,
Westpac is holding crisis talks with its largest institutional investors as legal action over allegations by the money-laundering regulator that the bank breached laws more than 23m times ignited investigations by a raft of other corporate and financial regulators. Shares in t... More