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