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How housing hinges on the West...

How housing hinges on the Westpac case

The real danger now for all the banks, big and small, is that a revised settlement where Westpac does admit liability for specific breaches or a court case that it loses might set a precedent not only for the regulator to go after other lenders, but also for customers whose loans go bad to sue for their losses.

The real danger now for all the banks, big and small, is that a revised settlement where Westpac does admit liability for specific breaches or a court case that it loses might set a precedent not only for the regulator to go after other lenders, but also for customers whose loans go bad to sue for their losses.…

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