Australia's Westpac hit by Goldman downgrade over money-laundering scandal
Goldman Sachs became the first major investment bank to cut its target price for Westpac Banking Corp on Friday as Australia's No.2 lender faces allegations of massive breaches of anti-money laundering laws and billions of dollars in fines. [Source]
Publication Date:Origin: reuters.com
Category: businessNews
Topics: Goldman, Westpac, Australia's, fines, dollars, billions, laundering, anti-money, breaches, massive, allegations, faces, lender, Banking, price, target, investment, major, first, became, Sachs, scandal, money-laundering, downgrade