On Breakingviews – Banks Down Under have further depths to plumb, says ClaraDFMarques
Australia's Westpac Banking Corp's Chief Executive Officer Brian Hartzer speaks during a media conference in Sydney, Australia, November 6, 2017. REUTERS/David Gray
It has been a grim stretch for bankers Down Under. A spate of scandals and a widely watched 2018 public inquiry battered reputations. Now, Westpac stands accused by financial intelligence agency AUSTRAC of breaching money-laundering rules, with some payments potentially linked to child exploitation. Westpac can expect to pay at least as much as CBA did in its record A$700 million settlement. With most of a A$2.5 billion capital raise already completed, Westpac should be able to cope. But that won’t be the whole tab.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China mandates 13 banks for U.S. dollar bond issue, seeks to raise over $3 billionChina's government has mandated 13 investment banks to lead a U.S. dollar s...
Lire la suite »
Saudi central bank says Aramco IPO not causing liquidity issues for banksSaudi Arabia's central bank is monitoring banking indicators on a daily bas...
Lire la suite »
Elizabeth Banks Feels Judged for how She Chose to Have KidsElizabeth Banks, like all mothers, feels judged for how she chose to enter motherhood. Banks, who has two children ages 7 and 8, had her children via surrogacy. She’s always been open about using a surrogate because of her “broken belly” but still feels judged.
Lire la suite »
Australia's Westpac loses top two executives in money-laundering scandalAustralia's Westpac Banking Corp said on Tuesday its CEO will step down and...
Lire la suite »
Factbox: Westpac's money-laundering scandal in quotesThe chief executive of Australia's Westpac Banking Corp stepped down on Tue...
Lire la suite »
Ron Oberman, Senior Record Executive and Former Publicist to David Bowie, Dies at 76Oberman was best known for discovering musicians, having developed and furthered the careers of international artists such as Bowie, Bruce Springsteen and The Bangles.
Lire la suite »