The board of Australia's second largest bank on Friday apologized unreserve...
SYDNEY - The board of Australia’s second largest bank on Friday apologized unreservedly for 23 million breaches of money laundering laws, but stood by management despite pressure from politicians to review its leadership.
Chairman Lindsay Maxsted said the bank would hire unspecified independent experts to run an overhaul of its anti-money laundering systems, including a review of accountability. The bank had also started discussions with community groups about further steps to fight child exploitation. The scandal had triggered calls for the resignation of top executives and directors, including Chief Executive Officer Brian Hartzer, and is likely to be a focus for the bank’s annual meeting next month.Goldman Sachs earlier cut its one-year share price target for Westpac by a tenth, citing potential knock-on effects including fines, class actions, loss of customers and capital concerns.
Bill Bovingdon, chief investment officer of debt fund Altius Asset Management, which manages over A$2 billion, told Reuters the company had cut its credit risk of Westpac to “high” from “moderate” and started reducing its exposure to the bank’s bonds. A spokesman for Christian Super, which manages the retirement money of religious organization employees, said the AUSTRAC allegations were “of significant concern our team are currently reviewing the information available and will determine any actions in line with our investment framework”.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Safety Board Cites Uber’s Inadequate Policy As Factor In Arizona FatalityThe NTSB investigation is the first in-depth look at a fatal accident in the testing of autonomous vehicles. It is expected to have an impact on the practices of automakers, suppliers and technology companies that are investing billions of dollars on various elements of automated transportation.
続きを読む »
Cannabis stocks soar across the board as historic House vote lures investors back to battered sectorCannabis stocks rallied across the board Thursday, as investors returned to the beaten-down-sector with a fresh enthusiasm, following a historic House vote...
続きを読む »
Oyo looks to step out of SoftBank cloud, hires independent director to boardToday the hotel budget chain Oyo announced it is appointing Betsy Atkins, CEO and founder of Baja Corporation as independent director on the company's board of directors.
続きを読む »
France's finance minister says he's glad that Donald Trump isn't a member of the ECB's boardFrench Finance Minister Bruno Le Maire voiced his appreciation that ultra-dovish views, like those expressed by President Donald Trump, weren't currently being represented on the board of the ECB.
続きを読む »
UAW board moves to remove union president Gary Jones from office amid corruption probeJones took a leave of absence from the union on Nov. 3, days after being implicated as part of a multiyear federal investigation into corruption of the UAW. Jones has not been charged by federal prosecutors.
続きを読む »
'Black Voices for Trump' advisory board member once said homosexuality is 'evil' and an 'abomination''Black Voices for Trump' coalition board member Clarence Mason Weaver was recently found to have said women should be 'handmaidens' and be 'submissive.'
続きを読む »