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.
08 Dec 2020 - Redcape Hotel Group Management Ltd, as responsible entity of Redcape Hotel Group (ASX:RDC) is set to buy two Queensland pubs for $27.5 million.
26 Mar 2020 - The Flight Centre Travel Group (ASX:FLT) is to stand down around 6,000 support and sales roles either temporarily or permanently, including 3,800 people in Australia.
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.
20 Nov 2020 - CEO of explosives maker, Orica (ASX:ORI), Alberto Calderon, says he has “cautious optimism about the year ahead” after revealing a 31 per cent drop in full year profit to $168 million.
