Westpac chairman Lindsay Maxsted has put his chief executive, Brian Hartzer, on notice that he could be sacked if the AUSTRAC scandal continues to destabilise the reputation of the bank and enough shareholders demand his scalp.
Westpac chairman Lindsay Maxsted said on Sunday: "We should try to find out exactly what did happen and know who's accountable." Trevor Collens
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
