Australia's Westpac Banking Corp said on Tuesday its CEO will step down and...
) said on Tuesday its CEO will step down and its chairman will bring forward his retirement as a money-laundering scandal rocks the country’s second-largest retail bank.
It also demonstrates the power of political and investor pressure on the sector. Since the country’s financial crime regulator accused Westpac of enabling 23 million payments in breach of anti-money laundering laws, including between known child exploiters, the prime minister has led calls for the bank’s board to weigh the CEO’s future.
In interviews with local media at the weekend, Maxsted had said firing Hartzer during the crisis would be destabilizing for the bank. “I think it’s welcome, I think it’s appropriate,” Health Minister Greg Hunt said on Sky News, minutes after the Westpac announcement. “The prime minister was absolutely clear when these revelations came out that the board had to reflect on the leadership.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Australia probes 'deeply disturbing' allegations of Chinese political interferenceAustralia's domestic spy agency is investigating whether China tried to ins...
Weiterlesen »
Saudi Aramco's CEO met Kuwait sovereign fund to discuss IPO: sourceSaudi Aramco's top executives have met officials of Kuwait's sovereign...
Weiterlesen »
Amy Klobuchar on Bloomberg’s 2020 bid: Voters won't 'buy it'Sen. Amy Klobuchar dismissed multi-billionaire Michael Bloomberg’s candidacy for president moments before it officially began: Voters won't 'buy it'
Weiterlesen »
Australia lock down top order after big win without Smith runsCaptain Tim Paine thinks Australia might have found a top order for the foreseea...
Weiterlesen »
Bank Accused of Breaching Money Laundering Laws—23 Million TimesWestpac, Australia’s second-largest bank, has been accused of the biggest breach of the country’s money laundering and terrorism financing laws in history, including failing to detect transfers that may have been used to facilitate child exploitation.
Weiterlesen »
CBS Hit With Bias Suit From Top Reality ExecutiveGhen Maynard, who was brought back to CBS three years ago to revive its unscripted department, alleges CBS mistreats minorities
Weiterlesen »