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 See omnystudio.com/listener for privacy information.