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26 November 2019 • By Lachlan Maddock • 1 min read

Westpac hasn’t ‘sat on its hands’: Maxsted

Westpac has fought back against claims they were indifferent to their breach of money laundering laws following the resignation of CEO Brian Hartzer

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Westpac CEO to step down

Westpac CEO Brian Hartzer will step down following an AUSTRAC investigation that alleged the bank breached money laundering laws 23 million times

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ANZ, Westpac face junk insurance class actions

Slater and Gordon has launched two class actions against ANZ and Westpac over consumer credit insurance. The law firm alleged ANZ and Westpac have ...

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Morningstar: Charges are ‘final straw’ for Westpac stewardship rating

Morningstar has downgraded their stewardship rating for Westpac after the bank breached money laundering laws 23 million times. Westpac’s ...

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IOOF yet to cough up remediation

IOOF chief Renato Mota has disclosed the wealth giant is yet to start paying an estimated $183 million in remediation to its customers

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Westpac banks most wealthy customers out of big 4

New data has shown Westpac has the largest proportion of high-net-worth individuals (HNWs) out of the four major banks, with 35.6 per cent of its ...

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Westpac: Indifferent or incompetent?

Westpac can’t pretend this is business as usual. AUSTRAC is taking the bank to court for over 23 million alleged contraventions of money laundering ...

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NAB cops $49.5m class action settlement

NAB has settled a class action brought against it for its consumer credit insurance sales, agreeing to cough up $49.5 million. Law firm Slater and ...

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Can ScoMo have his surplus and spend it too?

Prime Minister Scott Morrison has brought forward infrastructure spending but refuses to open the fiscal floodgates. The delivery of a budget ...

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KKR LIT begins trading on ASX after $925m raise

A listed investment trust that provides access to KKR’s global credit income capabilities has commenced trading on the ASX. The listing follows the ...

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