Chief Market Strategist at InvestSMART_AU Evan Lucas says Westpac shares are down 21 per cent after a second investigation into the financial institution was announced on Tuesday.
Chief Market Strategist at InvestSMART Evan Lucas says Westpac shares are down 21 per cent after a second investigation into the financial institution was announced on Tuesday. The big bank is facing another investigation over the money laundering scandal, with the banking regulator launching an investigation into possible breaches of the Banking Act.
is immediately increasing Westpac's capital requirements by $500 million, due to Westpac's "heightened operation risk profile". Image: Getty
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