Westpac reveals $2.2b coronavirus impairments, CEO Peter King says some businesses won't survive

The economic damage from COVID-19 is continuing to cut a swathe through the banking sector. 

Westpac has revealed $2.2 billion in impairments and says $1.6 billion is related to economic fallout from COVID-19. 

CEO Peter King says it's clear that not all businesses will survive.

Here's my report from The World Today