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Showing 1 - 10 of 46 results for "BBSW"

ASX issues first corporate bond, underwritten by Westpac

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... falls under its newly established Medium Term Notes Programme, dated 18 August 2023. The Notes have a coupon of three-month BBSW plus 93 basis points, were priced at par and mature on 26 February 2027. Issued in Australian dollars, these Notes are targeted ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
... class action was settled in June. Other matters include class actions related to financial advice, an action in the US over BBSW, another related to its New Zealand subsidiary ASB Bank. It is also working on a matter with the Fair Work Ombudsman and ...

Pallas Capital introduces feeder fund

CHLOE WALKER  |  THURSDAY, 26 MAY 2022
... feeder fund is initially looking to raise $150 million and is currently offering a yield of 6.87% per annum or 6.5% plus BBSW. To date, PFT has deployed over $140 million across 25 loans. Pallas Capital said it expects there to be significant interest ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... Commonwealth Bank (CBA) have both reached an agreement to settle a class action in the US related to the trading of bank bill swap (BBSW) products in 2016. The class action commenced in 2016 in the United States District Court for the Southern District ...

Westpac exec goes part-time

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
... counsel, Rebecca has played a pivotal role in navigating the company through various legal and regulatory challenges, including BBSW, responsible lending, the Royal Commission and AUSTRAC," King said. "Importantly, she has been an invaluable member of ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... action, which was filed in August 2016 at the US District Court for the Southern District of New York. The bank bill swap rate (BBSW) class action claimed that Westpac together with a number of banks like NAB and ANZ conspired to fix the prices of BBSW-based ...

ANZ accused of paying hush money on BBSW scandal

ELIZABETH MCARTHUR  |  FRIDAY, 3 JUL 2020
In an action filed in the Federal Court ANZ has been accused of throwing a whistleblower under the bus, paying a fine as "hush money" and "virtue signalling" following ASIC's investigation into ANZ's alleged manipulation of the bank bill swap rate. ...

IFM Investors ready to ramp up corporate lending

KANIKA SOOD  |  FRIDAY, 22 MAY 2020
... also financed infrastructure projects including New Royal Adelaide Hospital. Its returns in lending to companies range from BBSW plus 250 to 400 bps for large caps, investment grade to BBSW plus 450 to 800/900 bps in sub-investment grade lending with ...

Westpac cops BBSW fine

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... Friday the Federal Court ordered the bank pay $3.3 million for contravening the ASIC Act in its involvement in setting the BBSW eight years ago. Additionally, the bank will welcome an independent expert into its fold to review whether its current systems ...

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... also been accounted for, as have estimated costs for recent litigation such as that around irresponsible lending and the BBSW case. The estimated $235 million does not include those incurred in responding to the Royal Commission. Westpac said the remediation ...
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