Tag: Westpac Banking Corporation

June 15, 2018 BY Valentina Kirilova

Westpac Banking Corporation charged with poor financial advice

Australian regulator ASIC has announced that it has commenced proceedings in the Federal Court of Australia against Westpac Banking Corporation in relation to alleged poor financial advice provided by one of its former financial planners, Mr Sudhir Sinha. In Court documents filed yesterday, ASIC alleges that, in four sample client files selected by ASIC, Mr…

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September 13, 2016 BY Valentina Kirilova

Westpac refunds $9.2 million after failing to waive bank account fees for eligible customers

Westpac Banking Corporation (WBC:ASX) has recently refunded approximately $20 million to around 820,000 customers for not clearly disclosing the types of credit card transactions that attract foreign transaction fees. Now the banking corporation has refunded approximately $9.2 million to 161,414 customers after it failed to waive fees on Westpac and St. George branded savings and…

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