Westpac Chair John McFarlane Enters On April Fools Day! 1st April 2020: McFarlane Appointment Is Not An April Fools Day Joke!
Westpac-OZ No # 2 Bank-Survival Is 100% Locked-In With Survival Of Home Mortgage Market. Brick-N-Mortar. More Later.
As Is McFarlane's Reign As Chair.
McFarlane Takes Over From Lindsay Maxsted. WBC Share Price Trashed: $38.66 To $16.50 = $22.16, 57.3%, $78bn.
McFarlane's Protege Was Ex-CEO Brian Hartzer, Now Facing 26 Investors Class Actions As Co-Defendant With CEO Peter King For Fraud, Breaches Of US Securities Act. Damages Could Hit $50 Bn.
Now To Brick-n-Mortar Survival. Westpac's Balance Sheet Is Dependent Upon Australia's $1.8 Trillion Home Mortgage Market Not Going Pear-Shaped, Tanking.
WBC Price at posting:
$16.70 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)