Westpac sanctioned over 'serious' bank closure breach

A Westpac Bank sign at an unrelated site.
Westpac has been sanctioned for "serious and systemic" breaches of its code obligations. -AAP Image

Westpac exposed its customers to a "high risk of harm" when it suddenly closed an outback branch, leaving hundreds of people to rely on a local charity to access cash, a banking watchdog has found.

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