Australia's Straker hits record low on flagging probe into U.S. unit bank anomalies
27/05/2026 05:49
BUZZ-Australia's Straker hits record low on flagging probe into U.S. unit bank anomalies ** Translation services provider Straker STG.AX plunged as much as 30.8% to a record low of A$0.18, before trimming losses to sit down 15.4% by 1440 Sydney time
** STG says it continues to probe transaction anomalies tied to bank accounts of its U.S. unit, as investigations into the fraud remain ongoing
** Co said it will continue cooperating with U.S. law enforcement while maintaining normal operations and ensuring no disruption to customer experience
** Stock down 36.2% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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