|Bid||28.28 x 0|
|Ask||28.33 x 0|
|Day's range||28.17 - 28.43|
|52-week range||27.60 - 33.68|
|PE ratio (TTM)||11.97|
|Earnings date||7 May 2018 - 11 May 2018|
|Forward dividend & yield||2.69 (9.45%)|
|1y target est||32.45|
Australia’s corporate regulator has failed to prove that Westpac rigged the country’s benchmark interest rate, although the bank engaged in “unconscionable conduct” in seeking to influence the bank bill swap rate, an Australia Court ruled on Thursday. “Australian Securities Investments’ Commission (Asic) has not made out its case against Westpac under ss 1041A and 1041B of the Corporations Act concerning market manipulation or market rigging,” said Justice Beach in his ruling.
Westpac Banking Corp. has been cleared of manipulating a key Australian interest rate, even though it did engage in “unconscionable conduct” in attempting to influence the rate, a court ruled. The Australian Securities & Investments Commission had claimed Westpac sought to influence the bank bill swap rate -- which is used to price more than A$10 trillion ($7.6 trillion) in derivatives -- to benefit its trading positions.
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