Investment banks quiz staff on Newcrest

Banks conducting internal probes to pre-empt any moves by ASIC against analysts.

Investment banks are running internal probes on analysts who may have been selectively briefed by Newcrest Mining Ltd, in a likely attempt to shore up against investigations by both the gold miner and the corporate watchdog, according to The Australian Financial Review.  

Some investment banks have been collecting emails from analysts who cover Newcrest, with one analyst who was interviewed by his employer's compliance team saying the experience was "harrowing", the newspaper said. 


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