BRIEF-Westpac Says Rams Financial Group Reached Agreement With ASIC To Resolve Investigation

Reuters
04 Jun
BRIEF-Westpac Says Rams Financial Group Reached Agreement With ASIC To Resolve Investigation

June 4 (Reuters) - Westpac Banking Corp WBC.AX:

  • RAMS FINANCIAL GROUP REACHED AGREEMENT WITH ASIC TO RESOLVE ASIC'S INVESTIGATION

  • ASIC PROCEEDINGS AGAINST RAMS FINANCIAL GROUP

  • RAMS FINANCIAL GROUP WILL CONTINUE TO WORK COOPERATIVELY WITH ASIC TO RESOLVE PROCEEDINGS

  • EXPECTS EXISTING PROVISIONS SHOULD BE SUFFICIENT TO MEET FINANCIAL OUTCOME OF PROCEEDINGS, SUBJECT TO COURT APPROVAL

Further company coverage: WBC.AX

((Reuters.Briefs@thomsonreuters.com;))

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