The Motley Fool

Investors unperturbed by whistle-blower reports on Westpac Banking Corp (ASX:WBC)

Shares in banking and finance giant Westpac Banking Corp (ASX: WBC) have kicked off the trading week up 0.5% to $27.88 despite news of whistle-blower reports that the bank’s wealth management arm lost the files of hundreds of customers it was providing with financial advice.

The Guardian Australia reported late last week Westpac’s BT Financial Group discovered the records loss while digitising records in 2013 with the bank admitting 215 customer files were found to be missing.

Big banks appeared to have been recovering from banking royal commission-related share price slumps of late, but things will likely look bleak for Commonwealth Bank of Australia (ASX: CBA) shares in the coming days after it was announced today the bank would pay $700 million to settle its money-laundering debacle – the largest civil penalty in Australian corporate history.

Shares in Australia and New Zealand Banking Group (ASX: ANZ) were up 0.9% to $27.04 in early morning trade, with National Australia Bank Ltd (ASX: NAB) shares up 1% to $26.94.

OUR #1 dividend pick to grow your wealth over the new financial year is revealed for FREE here!

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor Carin Pickworth owns shares of Australia & New Zealand Banking Group Limited, Commonwealth Bank of Australia, and National Australia Bank Limited. The Motley Fool Australia owns shares of National Australia Bank Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here’s the best part: we think there’s one ASX stock that’s uniquely positioned to profit immensely from this explosive new industry… taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click below to learn more on how you can profit from the coming cannabis boom.

Click here to find out more