News Formal

Westpac flags $235m hit to earnings for advice scandal, litigation

  • 📰 smh
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 80%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Westpac has increased its provisions for recent litigation and refunds for customer who were charged for inadequate or non-existent financial advice

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Westpac cuts earnings to fix customer refunds, but more likely followWestpac says its earning will take a $235 million hit this year due to remediating customers for bad, or no advice. It is unlikely to be the last adjustment according to analysts.
Source: abcnews - 🏆 5. / 83 Read more »