Australian regulator investigates Westpac directors, executives after scandal

SYDNEY (Reuters) - Australia's banking regulator will use its increased investigative powers for the first time to examine whether Westpac Banking Corp directors and executives broke the law as part of the bank's money laundering scandal.Westpac will be required to hold an extra A$500 million in capital after the Australian Prudential Regulatory Authority (APRA) announced an investigation into the bank's alleged money laundering breaches. Westpac shares were down 0.24% in early trade Tuesday,..