Westpac issues customer refunds as it gains half a billion in Coinbase bonanza

The Motley Fool’s Scott Phillips says while he is “flabbergasted” Westpac still has to pay more than $200 million in customer refunds, the bank’s successful cryptocurrency investment would more than cover the costs. Westpac has reported a $546 profit after investing in Coinbase, a cryptocurrency exchange platform, but is still dealing with the ramifications of the Royal Commission four years on.