Australia’s Westpac bank suffered a 66 percent plunge in net profits in fiscal 2020, hammered by the coronavirus economic downturn and a record fine for breaches of money-laundering laws, it said Monday.
Fines, pandemic slash Westpac profit by 66%
Australia’s Westpac bank suffered a 66 percent plunge in net profits in fiscal 2020, hammered by the coronavirus economic downturn and a record fine for breaches of money-laundering laws, it said Monday.