WESTPAC BANKING CORPORATION Westpac announcement
18 August 2016
Westpac to defend US class action in respect of the Australian BBSW marketWestpac Banking Corporation is aware that a class action has been filed in New York against it and a large number of the Australian and international banks in respect of the Australian BBSW interest rate benchmark. Westpac has not been formally served with any proceedings.
Westpac denies the allegations in this claim and, if served with the claim, will defend those allegations vigorously.
As the matter is now before the courts it would not be appropriate to comment further at this time.
For further enquiries, please contact: David Lording Westpac Media Relations Ph: 02 8219 8512 Mob: 0419 683 411 | Andrew Bowden Westpac Investor Relations Ph: 02 8253 4008 Mob: 0438 284 863 |
Westpac Banking Corporation published this content on 18 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 August 2016 01:20:04 UTC.
Original documenthttp://ir.iguana2.com/westpac/news-item?S=WBC&E=ASX&N=966571
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