Australia’s Westpac Banking Corp faces a showdown with investors at its annual meeting this week, seeking to hold back an avalanche of outrage over a money laundering scandal that includes accusations of enabling child exploitation payments. The chairman, CEO and compliance chief of Australia’s oldest and second-largest bank have quit since the bombshell disclosure three weeks ago. The company also faces a possible vote against its executive pay for a second year under Australia’s “two strike” rule. …read more
Source:: Yahoo Finance
