Westpac Banking ( (AU:WBC) ) has issued an update.
Westpac Banking Corporation has agreed to settle a class action lawsuit concerning flex commissions paid to auto dealers between 2013 and 2018, with a settlement amount of $130 million. This settlement marks the conclusion of the last Royal Commission related litigation for Westpac, reflecting its ongoing efforts to resolve past issues and focus on its current operations, having ceased such commission payments and divested from dealer-introduced auto finance since 2018.
More about Westpac Banking
Westpac Banking Corporation is a major Australian financial services provider, offering a wide range of banking and financial products and services. The company operates in the banking industry, focusing on consumer and business banking, wealth management, and institutional banking services.
YTD Price Performance: -4.03%
Average Trading Volume: 2,178
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $64.7B
For a thorough assessment of WBC stock, go to TipRanks’ Stock Analysis page.