Westpac Banking Corp weighs heavily on Australian shares; NZ up [Reuters]
Westpac Banking Corporation (WBK)
US:NYSE Investor Relations:
westpac.com.au/about-westpac/investor-centre
Company Research
Source: Reuters
Westpac Banking Corp weighs heavily on Australian shares; NZ up * Westpac drops to over 9-month low * Strong possibility of similar issues for other banks - analyst * Origin energy rises to an over one-year high By Shreya Mariam Job Nov 21 (Reuters) - Australian shares extended losses on Thursday, pulled down by Westpac Banking Corp as accusations of money laundering breaches against the lender rattled the financial sector, which has been in regulatory crosshairs for nearly two years. The S&P/ASX 200 index fell 0.7%, or 48.30 points, to 6,674.10 by 0042 GMT. The benchmark fell 1.4% on Wednesday. Financial stocks slipped 0.7%, with shares of Westpac Banking Corp falling as much as 3.4%. The toppling share price followed regulators’ accusation on Wednesday of 23 million breaches of anti-money-laundering laws by the country’s second biggest lender. Australian Prime Minister Scott Morrison said on Thursday that the board of Westpac must review the position of CEO Brian Hartzer, laying fur
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