Westpac, alike ANZ, has its own problems, the UNITE project that Miller staked his reputation on has become a high risk and monumental disaster even by his own presentation, now over-running in terms of technology cost.
The UNITE project could transform Westpac into a high cost, high execution risk, high risk, non-compliant under-governed lag bag of redundant technology and poor customer experience which could exacerbate Westpac's susceptibility to money laundering scandals like the one that cost Westpac $40 billion AUD.
I am surprised the regulators have not forced Westpac to close Project Unite down and rejected Miller's high risk, high cost, non-0executed Project Unit that puts all $109 Billion in market cap at risk for very little gain that can be reliably executed.
WBC Price at posting:
$31.89 Sentiment: Hold Disclosure: Not Held
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