Westpac annual profit hit by money laundering fine and recession ABC News

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Westpac has seen its annual profit slump by two thirds after it was fined 1.3 billion dollars for 23 million breaches of money laundering laws. • • The big bank's full year net profit is down by 66%. • Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2020-11-0... • #Westpac #BankingSector • ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. • For more from ABC News, click here: https://ab.co/2kxYCZY • Watch more ABC News content ad-free on iview: https://ab.co/2OB7Mk1 • Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 • Like ABC News on Facebook: / abcnews.au • Follow ABC News on Instagram: / abcnews_au • Follow ABC News on Twitter: / abcnews • #ABCNews #ABCNewsAustralia #breakingnews

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