It is not the only Australian company with a lot of problems in terms of regulation and fines and value lost due to behaviors have been concerning and are now subject to almost total geopolitical risk and significant fines, damages and problems, especially with the cold war between the incoming Administration and the Federal Government: The other companies that might follow Westpac down this road include the following Woolworths, Coles, NAB, Bank of Queensland, AMP, QBE, Transurban. ANZ EML, IAG, Steadfast, CBUS, AustralianSuper, Aware Super, Wesfarmers, Macquarie Group, CBA, Star Entertainment, Crown Casino, ClubsNSW, Super Retail Group, Sky City, Qantas, Virgin, Seven West Media, Nine Entertainment Group, Ampol, Woodside, Guardian Learning Centers, Beach Petroleum Optus, Telstra NIB Medibank Private Origin Energy AMA Group, Suncorp, RIO TINTO, BHP Fortescue Mining Tatts Group Cleanaway, A2 Milk, Beach Petroleum, Ausbrokers, Pointsbet, Sportsbet, Tabcorp, GPT, Stockland, Dexus. Bendigo and Adelaide Bank?
There are undoubtedly more under increasing regulatory pressure to stay alive.
WBC Price at posting:
$32.44 Sentiment: Buy Disclosure: Not Held
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