Is it a bad move on APT's part to get involved with WBC though. The traditional Big 4 banks are notoriously inefficient when it comes to technological advances. Would getting into bed with WBC maybe inhibit APT in the future. Larry may have been the smart one, rejecting the WBC offer as it may be better at this stage in the cycle to stay away from the traditional banking sector. In 10 years time WBC may be a nobody as the NEO banks potentially take over.
Westpac sells Zip stake, page-129
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40 | 307248 | 3.350 |
6 | 97426 | 3.340 |
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