Business
Westpac profit to take a $1.3b hit on heavy write-downs – The Australian Financial Review
Westpac Institutional Bank impairments of $965 million will slug the bank’s annual profit when it reports full-year results on…
Revealing the ongoing cost of its complex clean-up operation, some of the institutional write-down relates to the costs of shrinking business in China and Hong Kong as Westpac consolidates operations into Singapore. The reduction was made after the bank…
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