Wilsons Advisory and Stockbroking paid the significant penalty which was issued by the Markets Disciplinary Panel (MDP) after it found the firm to have incorrectly reported many trades as Trade with Price Improvement (TWPI).
Westpac Banking Corporation has hired syndicate brokers to raise $750 million via hybrid, with pricing expected to land between 3.4 per cent and 3.6 per cent above the three-month bank bill swap rate.
The bank plans to raise $750 million in additional tier 1 capital through the offer. On Tuesday, Westpac announced the offer of a new additional tier 1 capital security to raise approximately $750 m