The Australian Securities & Investments Commission (ASIC) has today taken legal action against banking giant Respect (ASX:WBC), on allegations of misleading conduct and a lack of transparency.
The financial whistleblower is prosecuting the big-four bank for selling consumer and credit insurance (CCI) to 384 customers without their informed consent. The alleged misconducts happened between April and July in 2015.
Shares in Westpac (ASX:WBC) are trading 1.6 per cent higher at $25.22
21 Jan 2021 - Zip (ASX:Z1P) released their quarter figures to December showing customer numbers across Australia, New Zealand and the United States grew 97 per cent to 5.7 million.
30 Dec 2019 - Catalogue distribution company, Salmat (ASX:SLM) has entered into an agreement to sell its MicroSourcing Managed Services business for approximately $100 million to Probe BPO Holdings Pty Ltd.
13 Sep 2019 - The ACCC has issued a draft determination proposing to authorise Virgin Australia (ASX:VAH) to more closely cooperate with Virgin Atlantic on flights between Australia and the UK and Ireland, via Hong Kong, Los Angeles and any other future mutual connecting points.
16 Jul 2020 - Helloworld Travel (ASX:HLO) has launched a fully underwritten $50 million Equity Raising to increase the Company’s balance sheet flexibility and to provide liquidity to help it manage the prolonged period of disruption to the global travel industry.
09 Apr 2020 - Mesoblast (ASX:MSB) today announced that its stem cell product candidate remestemcel-L will be formally evaluated in a randomized, placebo-controlled trial in patients with acute respiratory distress syndrome (ARDS) caused by coronavirus infection (COVID-19).
25 Jun 2020 - CSL (ASX:CSL) has agreed to acquire from uniQure exclusive global license rights to commercialise an adeno-associated virus gene therapy program, for the treatment of haemophilia B.
