Totally disagree with that unfounded allegation. $33.61 and WBC's performance way below $41 is evidence enough that money laundering and regulatory problems still pervade the WBC SP and sentiment.
Well below the other banks, WBC should be about $60 by now but $60 does not look like it is coming.
The Four Pillars Policy should be abolished by the incoming Government.
IF you had some decent management and enough staff like at HSBC, Stan Chart, JPM, DBS and NatWest, WBC's market cap would be double the present market cap IMHO.
WBC Price at posting:
$33.61 Sentiment: Hold Disclosure: Not Held
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