Now ASIC is found to have been investigating Westpac over RAMS and Westpac faces the ASIC and APRA blowtorch.
Things never get any better for Westpac.
Same regulatory problems and cavalier attitudes persist,
The share price still way down below $39 at $26.
They have lost about $40 billion AUD due to an atrocious attitude to technology, compliance, risk and regulatory and now these regulators are going in to apply the blowtorch.
Westpac's $1,000,000,000 AUSTRAC Settlement?, page-624
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