WBC westpac banking corporation

2019 AGM Today: Fireworks or Fizzer?, page-6

  1. 628 Posts.
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    PS:Recent$2.77bnCRisgoing100%inAUSTRACFines,thatleavesWBCwithBalanceSheetgapinghole!

    WithfurtherRegulatorstoushes-n-WespacLossesplusmultipleClassActions,2020willWBCgoingbacktomarketforMulti-BillionsinNewCR's...myguesstimateissome$7.5bnto$10bn...

    Notaprettypictureforshareholders...
    Facts to ultimately come out on these matters, as follows:
    AUSTRAC $500m Settlement
    APRA no $$ fine or at best <$1m
    ASIC no material fine <$1m

    End of story "EoS") ...

    Remember where you heard it first !
 
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