Monday 21 January 2019
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Reuters - 2 month ago

Australia s Westpac fined $2.4 million in rate case, fraction of penalty sought

Westpac Banking Corp won vindication of its decision to fight accusations its conduct in handling of a key rate was unconscionable as an Australian court fined it A$3.3 million ($2.4 million), far less than the sum sought by a regulator.

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