SECOND LARGEST AUSTRALIAN BANK FINED FOR FAILING TO REPORT 19 MILLION OVERSEAS TRANSACTIONS

HIGHLIGHTS

• Australia's Westpac bank has haggled to pay a record A$1.3bn (£0.7bn; $0.9bn) fine for the country's greatest breach in tax evasion laws.

A year ago, Australia's budgetary wrongdoing guard dog said the bank had negl...