Australia's Westpac gives acting CEO two years to tackle coronavirus crisis

(Reuters) - Westpac Banking Corp on Thursday said it was entrusting acting chief executive Peter King with the role for two years to bring leadership stability amid the coronavirus pandemic after the company was rocked by a money laundering scandal.King, Westpac's former chief financial officer, has been acting CEO since his predecessor left late last year following allegations the bank facilitated millions of breaches of anti-money laundering laws including enabling payments to known child..