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Alex Druce

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News

Westpac heads roll over money laundering scandal

Westpac chief executive Brian Hartzer is stepping down and chairman Lindsay Maxsted plans to follow suit, leaving Australia’s second largest bank to respond to its money laundering and child exploitation scandal under new leadership.

Business

NAB slashes dividend as profits slump

NAB will pay a reduced final dividend after its full-year profit dropped 10.6 per cent to $5.1 billion, dragged down by its retail and wealth unit plus $1.1 billion in customer remediation provisions.

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