Australia's Westpac hires former Barclays chairman to tide over crisis
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SYDNEY (Reuters) - Australia's Westpac Banking Corp on Thursday named a former Barclays boss as chairman, entrusting veteran banker John McFarlane to help steer it through the fallout of a massive money-laundering scandal.McFarlane's appointment is designed to draw a line under a period of instability at Australia's No. 2 bank. Its two top executives stepped down two months ago, after the corporate regulator charged Westpac with breaches of anti-money laundering laws it said facilitated child..