Westpac's newly-appointed chief executive Peter King has warned the risk of spiralling unemployment means not all borrowers will survive the coronavirus emergency.
The Westpac veteran says more than a hundred thousand people are being helped to manage their repayments during the crisis amid expectations of a recession and a jobless rate of ten percent.
Mr King replaces Brian Hartzer who resigned after last year's money laundering scandal - and he spoke with ABC's Peter Ryan.
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