It was the money laundering scandal that cost them the $40 billion.
$26.01 AUD is so far away from $39, the $40 billion could never be salvaged.
Westpac has been basically destroyed by the money laundering scandal.
Peter King is the Jeffrey Skilling of Australian Corporate Executives.
AUSTRAC a should have taken away the sholder pain at the time and perhaps should take it away now.
What on earth will happen to the $90 billion of value? If AUstralia did not have the Four Pillars Policy, money laundering would have destroyed Westpac long ago.
Westpac's $1,000,000,000 AUSTRAC Settlement?, page-630
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Last
$28.97 |
Change
0.375(1.31%) |
Mkt cap ! $99.87B | |||
| Open | High | Low | Value | Volume |
| $28.80 | $29.00 | $28.77 | $50.60M | 1.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 5961 | $28.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.97 | 1975 | 8 |
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| Last trade - 12.40pm 29/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |