WBC westpac banking corporation

News: WBC Westpac CEO resigns as money-laundering scandal rocks Australia's second-biggest bank

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    Nov 26 (Reuters) - Westpac Banking Corp (WBC) on Tuesday said chief executive Brian Hartzer has resigned, as Australia's second-biggest bank faces the country's biggest money laundering scandal.

    The banking giant is accused of 23 million breaches of anti-money laundering laws and potentially billions of dollars in fines.

    Chief Financial Officer Peter King will be taking over as acting CEO, effective Monday 2 Dec.

 
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