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Friday, November 9, 2018

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.


from Reuters: Business News https://ift.tt/2AWIM0f

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Challenge to Thames Water rescue deal dismissed

The funding allows the company to continue operating and attempt to restructure its massive debt pile. from BBC News https://ift.tt/RYO3N1...