Westpac CEO Hartzer Resigns

The transcript discusses the challenges faced by Westpac, focusing on the untenable position of Brian Hearts and the subsequent recovery efforts. It highlights investor reactions and the broader impact on the Australian banking industry, which has been marred by scandals and a loss of reputation. The discussion also touches on the resignation of key figures and the need for decisive action to restore trust.

What does the text suggest about the future of Westpac's reputation?

What were the consequences faced by the CEOs of major banks in Australia as mentioned in the text?