1. Westpac annual profit hit by money laundering fine and recession  ABC News
  2. Westpac blames virus and money-laundering fine on ‘disappointing’ financial results  NEWS.com.au
  3. 'Disappointing': Westpac profits dive by 62 per cent, dividend slashed  The Sydney Morning Herald
  4. Westpac 2020 full year profit falls 62% to $2.6bn  The Australian
  5. Westpac profit polunges on bad-debts, laundering fine  The Edge Markets MY
  6. View Full coverage on Google News
Westpac sees its annual profit slump by two-thirds after it was fined $1.3 billion for 23 million breaches of money laundering laws.Westpac sees its annual profit slump by two-thirds after it was fined $1.3 billion for 23 million breaches of money laundering laws.

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Westpac’s yearly profits have been slashed by more than half as financial inflictions from the coronavirus pandemic and a money-laundering scandal hit the major bank’s bottom line. Westpac’s yearly profits have been slashed by more than half as financial inflictions from the coronavirus pandemic and a money-laundering scandal hit the major bank’s bottom line.

Westpac blames virus and money-laundering fine on ‘disappointing’ results

Westpac will pay shareholders a sharply reduced dividend in what chief executive Peter King has described as "disappointing" results in a challenging year.Westpac will pay shareholders a sharply reduced dividend in what chief executive Peter King has described as "disappointing" results in a challenging year.

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Bad-debt provisions increase to A$3.2bn as the recession smashes consumers and businessesBad-debt provisions increase to A$3.2bn as the recession smashes consumers and businesses

Westpac’s full-year profit plunges on bad debt and laundering fine