ASIC to probe banks behind failed Firmus float

The Australian Securities and Investments Commission is making “targeted inquiries” into the actions of the bankers behind the canned multibillion-dollar stock-market float of data-centre builder Firmus.

Plus, Australia’s Tax Commissioner has admitted he didn’t quite get how businesses use credit cards before the ATO brought in a ban on plastic.

Read more:

Corporate regulator investigates lead managers behind cancelled $44bn Firmus float

ATO ‘jumped to conclusions’ over bungled credit card ban

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