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2023: Staff cuts
2021: Fine for cheating tens of thousands of customers
In December 2021, it became known that Australia's major bank Westpac had deceived at least 67,000 people in ten years. He charged commissions on deceased customers - only about $7 million. The dead received financial consulting services.
The bank also deceived the living - 7,000 customers paid twice for the insurance policy, bankers hid commissions, which is why they received another $13.5 million. For violations, the bank was fined $80 million, of which $57 million will be given to customers.
1817: Founding of the Bank
The bank was founded in 1817.
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