Westpac and BOQ almost died because of money laundering failures and fines and “enforceable undertakings”.
CBA had/has Albo’s son working for it so perhaps CBA will not lose billions of dollars in value like Westpac and BOQ have. The way things in Australia work down there.
All casinos in Australia look to have gone or been bought by private equity or subject to regulatory sanction like Crown, Star Casino, Sky City and now Blackstone is trying to run Crown.
A U.S. casino looks like getting the reins to fix up Star.
Regulation and money laundering appear to be largest issue.
Duplicate transactions at CBA cannot have come at a worse time.
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