Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business
Scott Murdoch and Byron Kaye

Shareholders lash Australia's Westpac over money laundering bombshell

FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia's Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray

SYDNEY (Reuters) - Westpac Banking Corp <WBC.AX> on Thursday became the biggest Australian company to have shareholders vote down its executive pay for a second year, at a marathon annual meeting dominated by investor outrage over a child exploitation payments scandal.

The "second strike" delivers a symbolic blow to the country's oldest bank and fifth-largest listed company as it seeks to reassure owners and customers it can find reasons and solutions for its deepest crisis in decades.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.