Australia probes bank levy leak after shares fall
Sydney
AUSTRALIA'S corporate regulator said on Wednesday it is investigating how details of a A$6.2 billion (S$6.4 billion) banking levy were leaked, a disclosure that triggered a sell-down in the stocks of the country's five biggest banks.
"We think this is important to market integrity, which goes to the heart of the Australian market," Australian Securities and Investment Commission (ASIC) chairman Greg Medcraft told a parliamentary hearing in Canberra.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Philippines eyes US$2 billion in its first global bond this year
UniCredit jumps past 60 billion euro market cap to join elite club
New Thai finance minister downplays row with central bank
China's CICC may cut investment banking headcount by at least 10% this year
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services