Westpac Admits To Overcharging Customers NZ$6.35 Million
According to the Financial Markets Authority (FMA), Westpac New Zealand admitted to overcharging more than 24,000 customers a total of about NZ$6.35 million because of…
Posts Tagged: Westpac
Australian Regulator Sues Westpac Over Bank’s Failure to Respond to Hardship Notices
The Australian Securities & Investments Commission (ASIC) has sued Westpac. The regulator accuses the bank of failure to respond to customers who filed hardship notices…
Westpac Bank Bans Customers from Trading on Binance
In a recent decision, Westpac, a well-known bank with headquarters in Sydney, forbade its clients from transacting with Binance, the well-known and contentious global cryptocurrency…
AUD/USD Continues Around 0.6600 Despite Improved Aussie PMI Data
Australian S&P Global PMI data hasn’t changed the AUD/USD exchange rate. The price goes up and down near 0.6640. When offers came in below 0.6580,…
Westpac Announces Expected Provision of $900M Amid AUSTRAC claim
Today, Westpac had announced an anticipated change to its provisions, expecting a new and probably increased value to it as well as asset write-downs. This…