The Westpac Group (ASX:WBC) released an announcement today saying they acknowledge APRA’s request to increase its operational capital requirement to $500 million.
This is in response to the Australian Transaction Reports and Analysis Centre’s Statement of Claim.
The bank say they are committed to cooperating with APRA in all aspects of its investigation and review.
Shares in the Westpac Group (ASX:WBC) are trading 0.64 per cent lower at $24.69.
17 Jan 2020 - Risk management and insurance broker, PSC Insurance Group (ASX:PSI) has provided an update on the performance of its acquisition target Paragon.
24 Jun 2020 - Village Roadshow’s (ASX:VRL) Gold Coast theme parks Warner Bros. Movie World, Sea World, Wet'n'Wild and Paradise Country have had their Covid Safe plans approved by the Queensland Government and are able to reopen under those plans at up to 50 per cent capacity.
18 May 2020 - Ramsay Healthcare (ASX:RHC) has finalised an agreement with Western Australia to make its facilities and services available during the COVID- 19 pandemic.
14 Nov 2019 - Gold explorer, Echo Resources (ASX:EAR) was removed from the official ASX list yesterday as Northern Star Resources (ASX:NST) drives its compulsory acquisition of the company.
29 May 2020 - Utilities software solutions provider, Gentrack Group (ASX:GTK) has seen a 78 per cent decline in EBITDA to $4.3 million for the half-year to 31 March 2020, compared to the prior corresponding period.
20 Jan 2021 - Australasia’s largest equity-based insurance broker network, the AUB Group (ASX:AUB), is set to sell its total shareholding in Altius Group Holdings Pty to The Riverside Company for $57 million.
