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Mon Dec 9

Litigation is the real reason financial reports are becoming harder to read

Written by Mark Humphery-Jenner, Associate Professor of Finance, UNSW

Westpac can expect a bumper turnout of shareholders at its annual general meeting in Sydney on Thursday, many of them angry at its alleged role in facilitating child exploitation in the Philippines, its 23 million alleged breaches of anti-money-laundering laws, and its initial ritualistic response to the allegations.

This included donating A$18...

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