Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Westpac Reports a 71% Jump in Profits

Westpac Reports a 71% Jump in Profits

Australia’s Westpac reported a 71% YoY jump in its H1 2022 cash earnings to AUD 3.1bn ($2.2bn). The bank’s net interest income was down 1% to AUD 8.3bn ($5.8bn), while fee and trading incomes rise 8% and 24% respectively to AUD 845mn and AUD 343mn ($593mn...
Westpac Reports a 71% Jump in Profits

Westpac Invites Bids for Wealth Management Unit

Australian lender Westpac has invited bids for its wealth management unit BT Panorama, worth ~AUD 1.5bn ($1.1bn) as per sources. Indicative offers are expected at the end of April. Westpac is following a strategy to narrow its focus by exiting wealth, pensions, life...
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